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APC Q&A 2025 > Ethics > Flashcards

Ethics Flashcards

1
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2
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Can you explain the general overview of the New Rules of Conduct (February 2022)

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3
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There are 5 New Rules of Conduct, can you pick one and explain what it is

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4
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Give an example of one Rule that you comply with every day?

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5
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What is included in Appendix A (Professional Obligations) in the New Rules of Conduct

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6
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What do you need to do if you set up in practice?

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7
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What are the CPD requirements for a chartered surveyor? What about ethics?

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8
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Why would you require Professional Indemnity Insurance (PII) if you were to set up in private practice?

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9
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How would you assess the level of PII you would need when setting up in private practice?

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10
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Would the PII indemnity levels increase as your business expanded?

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11
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When would you arrange PII run off cover and why and how long is it held for?

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12
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How would you protect your client’s interests if you decided to give up practice?

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13
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How would you determine the time period that run off cover would need to be provided?

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14
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With regards to client’s money, how should you name the bank account you are required to set up for this purpose?

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15
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How would you advise your client to give assurance as to how you were going to hold their money, so that it would be securely kept and accounted for?

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16
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Why do we ring-fence Clients’ Money placed in our trust?

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17
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18
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19
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20
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What would be your approach of the client wished to pay you in advance for your services?

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21
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What would happen if your employer’s rules conflicted with the RICS rules? Which takes precedence?

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22
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If a conflict of interest arose within your business, what advice would you give to colleagues or clients on how to deal with it?

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23
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If you carried out work for a client and he decided to pay you in cash, what advice would you give to them and would you readily accept it?

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24
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Ensure that you are familiar with the UK Bribery Act 2010?

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25
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Can you explain the process for safeguarding clients’ interests in the event of death or prolonged illness of a sole trader Chartered Surveyor?
26
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When does a firm have to register with the RICS?
27
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What is a Locum employed for?
28
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Who can take on the role of a Locum?
29
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If you received a complaint about the service, you had provided how would you deal with it and what are the timescales for responding?
30
•
Discuss a relevant third-party redress mechanism and their role?
31
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If a friend asked you for an opinion on a project, they were considering carrying out what advice would you give them?
32
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If you and a colleague were invited to a consultants Christmas Party, what advice would you give to your colleague, what are the guidelines for dealing with an offer of a gift or hospitality and when may acceptance be appropriate?
33
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What would you advise if a client approached you and asked if you would work for them directly instead of your employer to reduce their cost?
34
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How would you describe ‘conduct befitting’ a Chartered Surveyor?
35
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What Laws and regulations govern the formation and workings of RICS?
36
•
Ensure that you are familiar with the Money Laundering Regulations 2017?
37
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What is a Money Laundering Red flag? Example?
38
•
What current challenges is Covid and/or Brexit bringing to Conduct & Ethics?
39
•
How does ethics and conduct affect the environment we live and work in?
40
41
Can you explain the general overview of the New Rules of Conduct (February 2022)
•
42
There are 5 New Rules of Conduct, can you pick one and explain what it is
•
43
Give an example of one Rule that you comply with every day?
•
44
What is included in Appendix A (Professional Obligations) in the New Rules of Conduct
•
45
What do you need to do if you set up in practice?
•
46
What are the CPD requirements for a chartered surveyor? What about ethics?
•
47
Why would you require Professional Indemnity Insurance (PII) if you were to set up in private practice?
•
48
How would you assess the level of PII you would need when setting up in private practice?
•
49
Would the PII indemnity levels increase as your business expanded?
•
50
When would you arrange PII run off cover and why and how long is it held for?
•
51
How would you protect your client’s interests if you decided to give up practice?
•
52
How would you determine the time period that run off cover would need to be provided?
•
53
With regards to client's money, how should you name the bank account you are required to set up for this purpose?
•
54
How would you advise your client to give assurance as to how you were going to hold their money, so that it would be securely kept and accounted for?
•
55
Why do we ring-fence Clients’ Money placed in our trust?
•
56
57
58
59
What would be your approach of the client wished to pay you in advance for your services?
•
60
What would happen if your employer’s rules conflicted with the RICS rules? Which takes precedence?
•
61
If a conflict of interest arose within your business, what advice would you give to colleagues or clients on how to deal with it?
•
62
If you carried out work for a client and he decided to pay you in cash, what advice would you give to them and would you readily accept it?
•
63
Ensure that you are familiar with the UK Bribery Act 2010?
•
64
Can you explain the process for safeguarding clients’ interests in the event of death or prolonged illness of a sole trader Chartered Surveyor?
•
65
When does a firm have to register with the RICS?
•
66
What is a Locum employed for?
•
67
Who can take on the role of a Locum?
•
68
If you received a complaint about the service, you had provided how would you deal with it and what are the timescales for responding?
•
69
Discuss a relevant third-party redress mechanism and their role?
•
70
If a friend asked you for an opinion on a project, they were considering carrying out what advice would you give them?
•
71
If you and a colleague were invited to a consultants Christmas Party, what advice would you give to your colleague, what are the guidelines for dealing with an offer of a gift or hospitality and when may acceptance be appropriate?
•
72
What would you advise if a client approached you and asked if you would work for them directly instead of your employer to reduce their cost?
•
73
How would you describe ‘conduct befitting’ a Chartered Surveyor?
•
74
What Laws and regulations govern the formation and workings of RICS?
•
75
Ensure that you are familiar with the Money Laundering Regulations 2017?
•
76
What is a Money Laundering Red flag? Example?
•
77
What current challenges is Covid and/or Brexit bringing to Conduct & Ethics?
•
78
How does ethics and conduct affect the environment we live and work in?
•

APC Q&A 2025 (8 decks)

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