Ethics Flashcards
What is the role of the RICS?
Maintain the highest standards of education and training
To protect consumers through strict regulations of professional standards
To be the market leading source of information and advice on land, property and construction
What is the role of the RICS?
Maintain the highest standards of education and training
To protect consumers through strict regulations of professional standards
To be the market leading source of information and advice on land, property and construction
Info required to register an RICS firm…
Same as setting up a firm… but maybe reference you would look at the relevant RICS website guidance…
Mandatory obligations - Members
Comply with CPD
Cooperate with RICS
Promptly provide all info requested by the standards and regulation board
Mandatory obligations - Firm
Issue a complaints handling procedure (involves a dispute resolution provider)
Ensure that all work is covered by PI insurance
Make appropriate arrangements for work to continue if there is a sole principal - in case of absence, death…
Cooperate with RICS
Promptly provide info requested from the Standards and Regulations Board
Three levels of disciplinary action
Action by Head of Regulation
Disciplinary Panel
Appeal Panel
Why is the RICS regulated?
Self regulated following royal charter in 1881.
It aims to protect the public, uphold public confidence and uphold professional standards (this is done by the Standards and Regulation Board)