Ethics Flashcards
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Can you explain the general overview of the New Rules of Conduct (February 2022)
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There are 5 New Rules of Conduct, can you pick one and explain what it is
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Give an example of one Rule that you comply with every day?
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What is included in Appendix A (Professional Obligations) in the New Rules of Conduct
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What do you need to do if you set up in practice?
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What are the CPD requirements for a chartered surveyor? What about ethics?
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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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How would you assess the level of PII you would need when setting up in private practice?
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Would the PII indemnity levels increase as your business expanded?
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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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How would you protect your client’s interests if you decided to give up practice?
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How would you determine the time period that run off cover would need to be provided?
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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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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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Why do we ring-fence Clients’ Money placed in our trust?
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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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What would happen if your employer’s rules conflicted with the RICS rules? Which takes precedence?
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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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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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Ensure that you are familiar with the UK Bribery Act 2010?
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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?
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When does a firm have to register with the RICS?
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What is a Locum employed for?
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Who can take on the role of a Locum?
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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?
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Discuss a relevant third-party redress mechanism and their role?
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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?
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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?
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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?
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How would you describe ‘conduct befitting’ a Chartered Surveyor?
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What Laws and regulations govern the formation and workings of RICS?
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Ensure that you are familiar with the Money Laundering Regulations 2017?
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What is a Money Laundering Red flag? Example?
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What current challenges is Covid and/or Brexit bringing to Conduct & Ethics?
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How does ethics and conduct affect the environment we live and work in?
Can you explain the general overview of the New Rules of Conduct (February 2022)
•
There are 5 New Rules of Conduct, can you pick one and explain what it is
•
Give an example of one Rule that you comply with every day?
•
What is included in Appendix A (Professional Obligations) in the New Rules of Conduct
•
What do you need to do if you set up in practice?
•
What are the CPD requirements for a chartered surveyor? What about ethics?
•
Why would you require Professional Indemnity Insurance (PII) if you were to set up in private practice?
•
How would you assess the level of PII you would need when setting up in private practice?
•
Would the PII indemnity levels increase as your business expanded?
•
When would you arrange PII run off cover and why and how long is it held for?
•
How would you protect your client’s interests if you decided to give up practice?
•
How would you determine the time period that run off cover would need to be provided?
•
With regards to client’s money, how should you name the bank account you are required to set up for this purpose?
•
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?
•
Why do we ring-fence Clients’ Money placed in our trust?
•
What would be your approach of the client wished to pay you in advance for your services?
•
What would happen if your employer’s rules conflicted with the RICS rules? Which takes precedence?
•
If a conflict of interest arose within your business, what advice would you give to colleagues or clients on how to deal with it?
•
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?
•
Ensure that you are familiar with the UK Bribery Act 2010?
•
Can you explain the process for safeguarding clients’ interests in the event of death or prolonged illness of a sole trader Chartered Surveyor?
•
When does a firm have to register with the RICS?
•
What is a Locum employed for?
•
Who can take on the role of a Locum?
•
If you received a complaint about the service, you had provided how would you deal with it and what are the timescales for responding?
•
Discuss a relevant third-party redress mechanism and their role?
•
If a friend asked you for an opinion on a project, they were considering carrying out what advice would you give them?
•
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?
•
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?
•
How would you describe ‘conduct befitting’ a Chartered Surveyor?
•
What Laws and regulations govern the formation and workings of RICS?
•
Ensure that you are familiar with the Money Laundering Regulations 2017?
•
What is a Money Laundering Red flag? Example?
•
What current challenges is Covid and/or Brexit bringing to Conduct & Ethics?
•
How does ethics and conduct affect the environment we live and work in?
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