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RICS APC 2024 > Ethics > Flashcards

Ethics Flashcards

1
Q

What does RICS stand for?

A

Royal Institution of Chartered Surveyors

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2
Q

True or False: Ethical behavior is only important in professional settings.

A

False

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3
Q

Fill in the blank: The RICS Code of Ethics emphasizes the importance of ________ in professional conduct.

A

integrity

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4
Q

What level of the RICS APC QS ethics questions focuses on basic ethical principles?

A

Level 1

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5
Q

Multiple Choice: Which of the following is NOT a core principle of the RICS Code of Ethics? A) Integrity B) Transparency C) Profit Maximization

A

C) Profit Maximization

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6
Q

What is the primary purpose of the RICS Code of Ethics?

A

To provide guidance on ethical behavior and decision-making.

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7
Q

True or False: All members of RICS are required to adhere to the Code of Ethics.

A

True

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8
Q

What level of the RICS APC QS ethics questions addresses complex ethical dilemmas?

A

Level 3

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9
Q

Fill in the blank: Ethical dilemmas often arise when there is a conflict between ________ and professional responsibilities.

A

personal values

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10
Q

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

A

B) Considering stakeholders

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11
Q

What should a member do if they witness unethical behavior?

A

Report it as per the RICS procedures.

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12
Q

True or False: Confidentiality is an important aspect of the RICS Code of Ethics.

A

True

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13
Q

What is the consequence of breaching the RICS Code of Ethics?

A

Disciplinary action may be taken against the member.

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14
Q

Fill in the blank: RICS members must avoid situations that could lead to ________ of their professional integrity.

A

compromise

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15
Q

Multiple Choice: Which principle requires RICS members to act honestly and fairly? A) Professionalism B) Competence C) Integrity

A

C) Integrity

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16
Q

What does the term ‘professional conduct’ refer to in the context of RICS?

A

The behavior and actions of members in their professional roles.

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17
Q

True or False: RICS members can accept gifts from clients without any restrictions.

A

False

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18
Q

What is the role of the RICS Disciplinary Board?

A

To oversee and enforce compliance with the Code of Ethics.

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19
Q

Fill in the blank: RICS members are expected to maintain ________ in their professional relationships.

A

trust

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20
Q

Multiple Choice: Which of the following actions is considered unethical? A) Transparency in communication B) Misleading clients C) Seeking client feedback

A

B) Misleading clients

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21
Q

What is the significance of ‘continuing professional development’ in RICS ethics?

A

It ensures members stay informed and competent in their field.

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22
Q

True or False: RICS members are allowed to discriminate against clients based on personal beliefs.

A

False

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23
Q

What should members consider when faced with an ethical dilemma?

A

The impact on stakeholders and the principles outlined in the Code.

24
Q

Fill in the blank: Ethical behavior enhances the ________ of the profession.

A

reputation

25
Q

Multiple Choice: Which principle encourages members to act in the best interests of clients? A) Competence B) Professionalism C) Accountability

A

B) Professionalism

26
Q

What does ‘conflict of interest’ mean in the context of RICS ethics?

A

A situation where a member’s personal interests could improperly influence their professional actions.

27
Q

True or False: RICS members are encouraged to engage in unethical practices if it benefits their career.

A

False

28
Q

What is the purpose of ethical training for RICS members?

A

To equip members with the skills to handle ethical issues effectively.

29
Q

Fill in the blank: Members should always act with ________ towards clients and colleagues.

A

respect

30
Q

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

A

B) Failing to disclose a conflict of interest

31
Q

What is the recommended action if a member is unsure about an ethical decision?

A

Seek guidance from a senior colleague or the RICS ethics hotline.

32
Q

True or False: RICS ethics apply only to financial transactions.

A

False

33
Q

What does the principle of ‘accountability’ entail for RICS members?

A

Members must take responsibility for their actions and decisions.

34
Q

Fill in the blank: RICS members must ensure that their professional actions are ________ and transparent.

A

honest

35
Q

Multiple Choice: Which of the following is a fundamental ethical principle? A) Self-interest B) Integrity C) Ambiguity

A

B) Integrity

36
Q

What is the importance of transparency in professional ethics?

A

It builds trust and credibility with clients and stakeholders.

37
Q

True or False: Ethical considerations can be ignored if they conflict with business goals.

A

False

38
Q

What should members do to foster an ethical workplace culture?

A

Encourage open discussions about ethics and provide training.

39
Q

Fill in the blank: Ethical behavior is essential for maintaining the ________ of the RICS profession.

A

integrity

40
Q

Multiple Choice: Which of the following is an example of unethical behavior? A) Reporting unethical practices B) Accepting bribes C) Providing honest assessments

A

B) Accepting bribes

41
Q

What is the role of ethics in decision-making for RICS members?

A

To guide members in making choices that align with professional standards.

42
Q

True or False: RICS members can prioritize personal gain over client interests.

A

False

43
Q

What is the impact of ethical lapses on the RICS profession?

A

They can damage the reputation and trust in the profession.

44
Q

Fill in the blank: Members must demonstrate ________ by acting in accordance with the RICS Code of Ethics.

A

professionalism

45
Q

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

A

B) Discuss it with a mentor

46
Q

What is the significance of the RICS APC in relation to ethics?

A

It assesses candidates’ understanding of ethical principles and their application.

47
Q

True or False: Ethical guidelines are static and do not change over time.

A

False

48
Q

What does the principle of ‘competence’ require from RICS members?

A

Members must maintain the necessary skills and knowledge for their work.

49
Q

Fill in the blank: Ethical behavior involves making decisions that align with ________ values.

A

shared

50
Q

Multiple Choice: What is an essential characteristic of ethical leaders? A) Self-interest B) Integrity C) Manipulation

A

B) Integrity

51
Q

What should RICS members do to ensure compliance with ethical standards?

A

Regularly review and reflect on their ethical practices.

52
Q

True or False: Upholding ethical standards is solely the responsibility of RICS leadership.

A

False

53
Q

What is the role of feedback in ethical practice for RICS members?

A

It helps identify areas for improvement and reinforce ethical behavior.

54
Q

Fill in the blank: RICS members must engage in ________ to ensure they meet ethical expectations.

A

self-reflection

55
Q

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

A

C) Acting with consideration for others

RICS APC 2024 (2 decks)

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