Brainscape's Knowledge GenomeTM


Top Flashcards (Certified)
All Flashcards

APC - My Cards - Mandatory > Ethics > Flashcards

Ethics Flashcards

1
Q

What are the 4 offences under the Bribery Act 2010?

A
  • Give bribe.
  • Receive bribe.
  • Corporate firm not preventing a bribe.
  • Bribing a foreign public official.
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

What are the 5 Rules of Conduct (2022)?

A

[HI.Com.Dil.Resp.Respy]
1. Honesty and integrity: not influenced by others (tone down vendor’s report).
2. Competence: only undertake work you’re skilled in (structural engineer).
3. Diligence: complete work on time with quality (TDD - meeting deadlines).
4. Respect (diversity): don’t discriminate (let others speak in meetings, treat other respectfully at all times, inclusion training).
5. Responsibility (public interest): combustible cladding - include in TDD report.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

You mentioned the 5 ROC, can you just name one of them but give me an example of how you apply it in your day-to-day job?

A

Honesty and integrity – I’ve been asked to tone down a vendor’s report in the past so I would ensure that I was unbiased when producing the report.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Can you outline what your complaints handling procedure is?

A

Acknowledgement: within 7 days.
Response: within 28 days.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

Can you give me a definition of what a conflict of interest is?

A

When someone [member or firm] acting for a client has a conflict with another duty.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

What would you do if someone made a homophobic comment in the office?

A

Report it to HR.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

What do you need to consider when setting up your own business?

A
  • PII.
  • CHP.
  • Financial plan.
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

What procedures does your firm have in place to ensure the delivery of high-quality client care?

A
  • Conflict of interest.
  • Meet deadlines [provided in engagement letter].
  • QA process.
  • Good communication.
  • Brief from client.
  • Get feedback.
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

Key principles of teamworking?

A
  • Good communication.
  • Inclusive.
  • Letting others talk.
  • Helping others.
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

Who does Professional Indemnity Insurance benefit?

A
  • Myself (person who has the cover).
  • Client (they have recourse to pursue claim of negligence).
  • The firm.
  • Sub-consultants.
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

What are the 3 levels of Professional Indemnity Insurance?

A
  • Basic.
  • Standard.
  • Enhanced.
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

What do you do about Professional Indemnity Insurance if someone is retiring?

A

Maintain run-off cover to ensure you’re still protected from claims.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

What is run-off cover?

A

Cover for when an individual/business stops operating.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

What are the requirements for handling client money?

A
  • Pay into a client account.
  • Keep money secure.
  • Keep records.
    [- Unidentified money paid to charity after 3 years].
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

What types of client account are there?

A
  • General.
  • Discrete.
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

What would you do if someone was unsafe on-site and then you found out they didn’t speak English?

A
  • Report them to site manager.
  • If serious then the HSE.
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
17
Q

What is the purpose of CPD?

A

To improve surveyor’s knowledge and keep it up to date.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
18
Q

What do you do with money if you can’t reach a client?

A

Keep in a secure account for 3 years and then give to charity.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
19
Q

Why did the Rules of Conduct change?

A
  • Enhance ethical decision-making.
  • Simplify.
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
20
Q

What were the findings of the Levitt review?

A
  • Leadership lacked transparency and accountability.
  • Reputation damage (RICS).

[Review on leadership failures following an internal financial audit]

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
21
Q

What were the findings of the Bichard review?
What were the outcomes?

A
  • Reviewed RICS leadership and purpose.

Findings - recommendations:
- Changes to the board.
- More accountability.
- Reputation damage.

[Commissioned after Levitt review exposed leadership failures]

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
22
Q

What would you do if a contractor offered you a bottle of wine at Christmas?

A
  • Proportionality, timing, influence business decision [no live tenders] or politely reject.
  • £150 gift limit, £350 events.
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
23
Q

Can you give me the definition of a bribe?

A

Giving a gift or act to influence someone in an unethical manner.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
24
Q

Can you give an example of a bribe?

A

Contractor giving me expensive gift so I award them the contract.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
25
What would you do if you suspected money laundering?
Report to NCA (National Crime Agency).
26
What 3 key things are needed before determining if you can take on an instruction?
- Competence. - COI. - Resources.
27
Follow on from "What 3 key things are needed before determining if you can work?" - What should you have signed?
Terms of engagement.
28
What goes into terms of engagement?
- CHP. - Fees. - Timescales. - Scope of services. - Instruction details. [- Limitations.]
29
What is third party reliance?
When a third party relies on the advice of another party who weren't part of the original contract.
30
Would you accept a gift from anybody?
- Proportionate. - Timing. - Not influencing a business decision. - £150 gift, £350 events.
31
Your company have a gift policy, do you know what the requirements of that are?
- A gift is below £150 or an event is below £350. - You'd have to look at proportionality and timing as well.
32
What is a locum?
Another professional who is appointed to ‘stand in’ for the surveyor if they are unable to work, e.g. in the event of an accident/illness/death etc.
33
Who can be a locum?
- Another Chartered Surveyor. - Solicitor.
34
How is a locum appointed?
In writing.
35
How do you reduce the risk of taking a bribe or what are the procedures you would follow to make sure you are aware of a bribe, apart from more training?
- Follow company procedures - gift below £150 or event below £350. - Proportionality, timing, influence business decision. - Avoid cash payments.
36
Can you give me 3 things that would constitute a bribe in practice?
Money. Gifts. Favours.
37
Can you define fraud?
Deceiving someone for personal gain.
38
Is knowingly putting down the wrong information on a form considered fraud?
Yes, because you are knowingly deceiving someone for personal gain.
39
You notice on an inspection your established client is dealing in the slave trade, what would you do?
- Report it to police [required under The Modern Slavery Act 2015]. - Terminate relationship with the client.
40
In France, do you still need to comply with the Bribery Act 2010?
Yes, because I work for a UK based firm and the Act applies overseas.
41
What is the Bribery Act 2010?
Anti-corruption law that makes bribery illegal.
42
A client in France gives you your fees in cash of €9,000. Can you accept this?
Best practice to use methods that are traceable i.e. bank transfer. Cash is open to legal and ethical breaches.
43
1) If your client is offering a gift to you and not accepting it would be against their cultural beliefs should you accept it, even if it will cause a deteriorating relationship between you and your client to refuse it? 2) What if the gift was tickets to a charity gala?
1) - I would accept the gift but donate it to charity. - Register the gift and inform manager. 2) I would inform them that my company has a gift limit of £150 for gifts and £350 for events and that if the value of the tickets exceeds this then I would be unable to attend.
44
You stated that you've read the RICS guidance note on anti-bribery and corruption, can you tell me some key points from this?
- Firms can’t accept/offer bribes. - Legislation has be complied with [systems must be in place]. - Training for employees [should be provided].
45
What must RICS registered firms do?
- CHP. - PII. - CPD. - ROC [adhere to]. - CMH. - Appoint Responsible Principal [ensures compliance with RICS standards].
46
How do you deal with conflict of interest, for example with dilaps, if you and another surveyor are from the same firm but they are acting for the landlord and you receive a tenant enquiry?
- Informed consent. - Information barrier. - Refer to another firm.
47
What 4 types of insurance do sole trading building surveyors need?
- PII. - Employer's liability. - Building. - Building content's.
48
What are some of the RICS bye-laws?
- Membership (MRICS, associate members). - Accounts and audit. - Conduct. [- Fund contributions.] [10 bye-laws]
49
ROC: What are the 10 professional obligations which need to be followed by members and firms?
- PII [firm]. - CHP (include ADR and complaint log) [firm]. - Locum (sole practice) [firm]. - Co-operate with the RICS [member/firm]. - Provide information to Standards and Regulation Board (SRB) [member/firm]. 3 for members. 7 for firms.
50
What is the RICS guidance document for client money handling?
RICS Professional Standard: Client Money Handling.
51
Can you explain what the Merrett v Babb case law? What is the significance of this?
- Babb valued Merrett's house which was found as negligent. - Company he worked for no longer existed. - Claims can be brought against individuals. - Importance of run-off cover.
52
Ethics - Quarry Wood Industrial Estate: - Details of instruction (service, spec, contract value/claim amount etc)? - Issues encountered?
- TDD (vendors). - Survey of industrial estate. - Cracking to slab: not in my expertise. - Cracking: result of historic water damage. - Checked: size and width of crack, externally - any blocked drains or trees (water), movement joints.
53
Ethics - 2 and 8 Acre Road: - Details of instruction (service, spec, contract value/claim amount etc)? - Issues encountered?
- TDD. - Delaminating roof sheets: downplay severity of defect.
54
Why do you want to join the RICS?
55
What is the role of the RICS?
- Set standards [professional and ethical]. - Regulate members and firms. - Support development (CPD, APC etc). - Protect consumers using regulation.
56
What is the Privy Council and Governing Council?
- Privy Council: gives RICS its legal status and approves changes to the constitution. - Governing Council: leads RICS, sets the overall goals.
57
What are the reasons for disciplinary action? What are the types of disciplinary?
- Breach bye laws (not maintaining CPD). - Misconduct. - Fixed Penalty. - Regulatory tribunal. [One more]
58
What is your understanding of anti-money laundering (AML)?
Laws preventing people from hiding where illegal money came from. [Tax evasion, drug trafficking, human trafficking, and terrorism financing]
59
What are the Rules of Conduct in a firm?
- Questioning practices that aren’t right. - Firms should have a process to raise concerns.
60
What are the 6 principles of bribery?
MC.DR.PT - Monitoring [and review]. - Communication. - Due Diligence. - RA. - Proportionate procedures. - Top-level commitment.
61
Why do you want to be an RICS member?
- Technical and ethical understanding [chartership demonstrates this]. - Chartership is highest level. - CPD requirement: keep knowledge up to date.
62
When would you set up an individual account for a client?
- Hold retention money to be paid to the contractor at end of rectification period. - Could be responsible for Interim Valuation payments.
63
Why is transparency important?
- Builds trust with clients. - Helps prevent issues such as COI, bribery.
64
What is an annual return?
Lists key business information and demonstrates compliance with RICS regulations. [Mandatory submission for RICS-regulated firms] - PII confirmation. Confirmation of compliance with: - ROC for firms. - CHP. - CMH rules. - CPD requirements.
65
What are some of the ROC for firms?
- PII [maintain]. - CHP. - CMH.
66
Who is a responsible princpal?
Ensures a firm’s compliance with ROC and regulations. [They are accountable for this].
67
Why would someone appoint a chartered surveyor over a non-chartered surveyor?
Chartered: - Held to ethical standards. - Maintain competence [CPD]. - Act in public interest.
68
Note: Key considerations for professionalism questions - look after the client, public and RICS reputation.
69
What's your firm's PII cover?
£2m [big instructions] or 5x fee [small instructions].
70
What information is required for registration by the RICS?
- Name of Responsible Principal. - PII details. - CHP details. - CMH (does the firm hold client money).

APC - My Cards - Mandatory (10 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2025 Bold Learning Solutions. Terms and Conditions