Ethics - Background / General RICS Flashcards
When was the RICS founded?
1868
When did the RICS get its Royal Charter?
1881 - Granted by the Privy Council
What are the four levels of membership?
Trainee
Associate
Chartered Member
Fellow
What do you need to do to become a Fellow?
- 5 years chartered
- A leadership role
- Professional/technical achievement
- Academic achievement
What is the structure of the RICS?
Royal Charter
Governing Council has 29 members
There are 17 Specialist Professional Groups
CEO is Justin Young
Stand in President is Nick Maclean
What are the three main roles of the RICS?
- To maintain the highest standards of education and training
- To protect consumers through strict regulation of professional standards
- To be the leading source of information on land, property, construction and associated environmental issues
(RICS 2015)
What current challenges are the RICS facing?
The Justin Sullivan case
Adapting to rapid technological advancements (AI)
Climate change and sustainability
What are the benefits of being a RICS member?
Status
Recognition
Market advantage
Knowledge
Network
What is the Bichard Review?
The Future of the RICS, laying the foundations of:
- Vision
- Mission
- Strategic goals
- Values
- A world-class organisation
What are the RICS Rules of Conduct?
- To be honest and act with integrity
- To show professional competence
- To provide a good-quality, diligent service
- Treat others with respect having particular regard to inclusion and diversity
- To take responsibility and act in the public interest
What is the RICS Ethics Decision Tree?
A framework to work to when faced with an ethical situation
What are the steps of the Ethics Decision Tree?
- Do you have sufficient facts?
- Is it legal?
- Is it in line with RICS Rules of Conduct?
- Have you consulted with the appropriate people?
- Do you have clear reasoning?
- Would you be happy for your actions to be made public?
What are the three levels of disciplinary action?
- Action by Head of Regulation
- Disciplinary Panel
- Appeal Panel
What are the four actions if a disciplinary is required?
- Fixed Penalty
- Make a Regulatory Compliance Order
- Refer to Regulatory Tribunal
- Refer to Disciplinary Panel
When is the only time a fixed penalty could be used?
Failure to supply information to the RICS.
When would Regulatory Compliance Orders be actioned?
Low level breaches of the Rules of Conduct
Failure to undertake appropriate CPD
What actions can be taken by a Disciplinary Panel?
- Issue a Regulatory Compliance Order
- Reprimand
- Caution
- Fine
- Impose conditions upon future RICS Registration
- Expulsion of Membership
- Published on RICS website and magazine
What does the RICS expect from members using social media?
To maintain professionalism in all online communications
When is RICS likely to investigate your social media posts?
Discrimination
Abusive or threatening behavior
Extreme or offensive views to cause reputational damage to the profession
