Ethics Flashcards
What are the 4 levels of membership?
- FRICS
- MRICS
- Assoc RICS
- Student
What is the RICS guidance on Ethics and professionalism?
Rules of Conduct 2021
What is the purpose of the Rules of Conduct?
It ensures consistency and clarity.
What are the changes to the RICS Rules of Conduct 2021?
Provides a simpler structure
gives clear examples
focus on respect, diversity and inclusion
What are the 3 professional obligations to the RICS?
- Members must comply with their CPD.
- Members must cooperate with the RICS.
- Members must promptly provide all information reasonably requested.
What is PII?
Professional Indemnity Insurance
What is the minimum level of cover for PII for RICS regulated firms?
Revenue of £0-£100,000 = £250,000
Revenue of £100,000 - £200,000 = £500,000
Revenue of £200,000+ = £1,000,000
How long should you hold data for?
6 years
How long should your run off cover be?
6 years
When are you required to register a firm under the RICS?
If,
a. you are a surveying firm
b. 50% or more of the principals are RICS members
What is your complaints handling procedure?
- request complaint in writing to CHO
- CHO acknowledges complaint within 7 days
- CHO confirm resolution result within 21 days
- Right to appeal
What is the RICS Disciplinary Panel?
- Conduct Committee - can serve a fixed penalty notice
- Disciplinary panel - can issue caution against repetition of conduct / impose fine / expel
- Registration panel
Appeal Panel
What is the required CPD for a member of the RICS?
20 hours
10 informal / 10 formal
What piece of legislation is there for Bribery?
Bribery Act 2010
What is the Bribery Act 2010?
It sets out the different types of bribers and the procedures and penalties in place.