Ethics Level 2

Question 1

If the hospitality event invitation was outside the tender period would you have accepted?

Answer 1

In my example it was a lavish awards night and it was not proportionate so it would have been suitable even outside a tender period.

I would risk assess and be diligent about any gifts or hospitality.

If the offer was in good faith, proportionate and wasn’t a bribe and say for example if a few people from my firm were going then yes. I would and disclose this within the hospitality register.

If the event would influence my bias, non-proportionate and impaired my impartial judgement, I would not.

Question 2

Why did you decline the invitation?

Answer 2

• My integrity would have been at risk.
• Portrayed corruption
• bias
• unfairness.
• The event was not proportionate as it was a lavish events evening.

This would have gave the wrong impression about myself, my firm and the RICS as I have a CSR.

If I did accept it wouldn’t have been appropriate and would had to disregard the contractors bid and I would not have treat the contractor in the best interests or respect.

Question 3

What does your firm’s client’s registration policy include?

Answer 3

Conflict checks
Money Laundering checks
Correct skills to meet clients requirements.
Terms of engagement issued and signed.

Question 4

What is a conflict-of-interest check?

Answer 4

Checking that anybody dealing has a relationship.
or
if had previous/ongoing dealings with competing interests.

Question 5

What is a money laundering check?

Answer 5

3 Levels
Simplified due diligence.
Customer due diligence.
Enhanced due diligence.

Question 6

Why is a term of engagement necessary?

Answer 6

RICS requires it.
Transparency which enables a high level of service.
Manages expectations.

Question 7

Why do you confirm your able to meet a client’s requirements?

Answer 7

Determine their requirements and confirm I have the correct skills or tools to do the job with precision and quality.