Ethics Flashcards
What does RICS stand for?
Royal Institution of Chartered Surveyors
True or False: Ethical behavior is only important in professional settings.
False
Fill in the blank: The RICS Code of Ethics emphasizes the importance of ________ in professional conduct.
integrity
What level of the RICS APC QS ethics questions focuses on basic ethical principles?
Level 1
Multiple Choice: Which of the following is NOT a core principle of the RICS Code of Ethics? A) Integrity B) Transparency C) Profit Maximization
C) Profit Maximization
What is the primary purpose of the RICS Code of Ethics?
To provide guidance on ethical behavior and decision-making.
True or False: All members of RICS are required to adhere to the Code of Ethics.
True
What level of the RICS APC QS ethics questions addresses complex ethical dilemmas?
Level 3
Fill in the blank: Ethical dilemmas often arise when there is a conflict between ________ and professional responsibilities.
personal values
Multiple Choice: Which of the following is a key component of ethical decision-making? A) Ignoring regulations B) Considering stakeholders C) Acting in self-interest
B) Considering stakeholders
What should a member do if they witness unethical behavior?
Report it as per the RICS procedures.
True or False: Confidentiality is an important aspect of the RICS Code of Ethics.
True
What is the consequence of breaching the RICS Code of Ethics?
Disciplinary action may be taken against the member.
Fill in the blank: RICS members must avoid situations that could lead to ________ of their professional integrity.
compromise
Multiple Choice: Which principle requires RICS members to act honestly and fairly? A) Professionalism B) Competence C) Integrity
C) Integrity
What does the term ‘professional conduct’ refer to in the context of RICS?
The behavior and actions of members in their professional roles.
True or False: RICS members can accept gifts from clients without any restrictions.
False
What is the role of the RICS Disciplinary Board?
To oversee and enforce compliance with the Code of Ethics.
Fill in the blank: RICS members are expected to maintain ________ in their professional relationships.
trust
Multiple Choice: Which of the following actions is considered unethical? A) Transparency in communication B) Misleading clients C) Seeking client feedback
B) Misleading clients
What is the significance of ‘continuing professional development’ in RICS ethics?
It ensures members stay informed and competent in their field.
True or False: RICS members are allowed to discriminate against clients based on personal beliefs.
False
What should members consider when faced with an ethical dilemma?
The impact on stakeholders and the principles outlined in the Code.
Fill in the blank: Ethical behavior enhances the ________ of the profession.
reputation
Multiple Choice: Which principle encourages members to act in the best interests of clients? A) Competence B) Professionalism C) Accountability
B) Professionalism
What does ‘conflict of interest’ mean in the context of RICS ethics?
A situation where a member’s personal interests could improperly influence their professional actions.
True or False: RICS members are encouraged to engage in unethical practices if it benefits their career.
False
What is the purpose of ethical training for RICS members?
To equip members with the skills to handle ethical issues effectively.
Fill in the blank: Members should always act with ________ towards clients and colleagues.
respect
Multiple Choice: Which of the following is a violation of RICS ethical standards? A) Providing accurate advice B) Failing to disclose a conflict of interest C) Maintaining client confidentiality
B) Failing to disclose a conflict of interest
What is the recommended action if a member is unsure about an ethical decision?
Seek guidance from a senior colleague or the RICS ethics hotline.
True or False: RICS ethics apply only to financial transactions.
False
What does the principle of ‘accountability’ entail for RICS members?
Members must take responsibility for their actions and decisions.
Fill in the blank: RICS members must ensure that their professional actions are ________ and transparent.
honest
Multiple Choice: Which of the following is a fundamental ethical principle? A) Self-interest B) Integrity C) Ambiguity
B) Integrity
What is the importance of transparency in professional ethics?
It builds trust and credibility with clients and stakeholders.
True or False: Ethical considerations can be ignored if they conflict with business goals.
False
What should members do to foster an ethical workplace culture?
Encourage open discussions about ethics and provide training.
Fill in the blank: Ethical behavior is essential for maintaining the ________ of the RICS profession.
integrity
Multiple Choice: Which of the following is an example of unethical behavior? A) Reporting unethical practices B) Accepting bribes C) Providing honest assessments
B) Accepting bribes
What is the role of ethics in decision-making for RICS members?
To guide members in making choices that align with professional standards.
True or False: RICS members can prioritize personal gain over client interests.
False
What is the impact of ethical lapses on the RICS profession?
They can damage the reputation and trust in the profession.
Fill in the blank: Members must demonstrate ________ by acting in accordance with the RICS Code of Ethics.
professionalism
Multiple Choice: What should a member do if they encounter an ethical issue? A) Ignore it B) Discuss it with a mentor C) Hide it
B) Discuss it with a mentor
What is the significance of the RICS APC in relation to ethics?
It assesses candidates’ understanding of ethical principles and their application.
True or False: Ethical guidelines are static and do not change over time.
False
What does the principle of ‘competence’ require from RICS members?
Members must maintain the necessary skills and knowledge for their work.
Fill in the blank: Ethical behavior involves making decisions that align with ________ values.
shared
Multiple Choice: What is an essential characteristic of ethical leaders? A) Self-interest B) Integrity C) Manipulation
B) Integrity
What should RICS members do to ensure compliance with ethical standards?
Regularly review and reflect on their ethical practices.
True or False: Upholding ethical standards is solely the responsibility of RICS leadership.
False
What is the role of feedback in ethical practice for RICS members?
It helps identify areas for improvement and reinforce ethical behavior.
Fill in the blank: RICS members must engage in ________ to ensure they meet ethical expectations.
self-reflection
Multiple Choice: Which of the following best describes ethical behavior? A) Acting in one’s interest B) Following rules without questioning C) Acting with consideration for others
C) Acting with consideration for others
