Ethics Flashcards
Why do you want to become a member of RICS?
Influence and impact on built environment
What is the role of RICS?
RICS sets standards, regulates members, offers qualifications, provides resources, influences policy, and works for public benefit.
Who is the current RICS president?
Previously used to be Justin Sulavin now Nick maclean
What is a Bye-Law?
is a rule made by an organization to govern itself
an example of RICS bye-law
B5.1 Professional Conduct: Members must adhere to the highest standards of professional conduct and ethics as defined by RICS.
Explain to me the new RICS Rules of Conduct - what do they replace?
Old Rules of Conduct for Members
Old Rules of Conduct for Firms
what are the 5 rules of conduct
- Honestly, Itegrity and professional obligation
- Acting and mainintaing comptance
- good service and due dilligance
- respect and incourage diveristy and inclusion
- Public intrest, respsonsbility and public confidence
what types of conflict of intrest are there
- Party conflict
- Personal conflict
- Confiendetial conflict
what is Lionheart
An indapendant charity for RICS professionals provding finincal support and apc supoort
what is matrics
RICS matrics provide support for early careers, networking, mentorship and career advice
who and when was the RICS
RICS is a global governing body for Chartered Surveyors. Initially as surveyors club in 1972 and RICS was founded in 1868
RICS Moto
There is a measure for all things
Terms of engagement
PII cover
Comptance / experience
Conflict of intrest
AML
Fees outlined
Deadline and clear
Payment terms
reffered fees been cleared
Complaints handling procedure
Log complaint
Complaints handling officer
Outline in terms of engagement
Internal process
Complaints handling procedure if compliant has been received
what does with mean Without preduice
Statement or document cannot be used against as evidence in court again party who made them
RICS AML
Identifty and manage finincal crime
complete due dilligance
RICS brbibary, corruption, money laundering and finincal terroism (2019)
Run off cover
Provides coverage for cliams made after a policy has expired or a business closed protecting against unforseen libailities
PII
Based on a compnays turnover
0-100k - £250k cover
100.01-200l - £500k cover
200.02k £1m cover
Client money
Account kept seperate from business account
Clinet must be in the name
keep an accurate reccord
Client account cannot be overdrawn
Intrest split between parties unless prior agreement
discreet client account can be set up
Quilfied RICS CPD requirements
20h cpd
10 formal
