Ethics - RICS Requirements

Question 1

When was the RICS founded?

Answer 1

1868

Question 2

When did the RICS obtain its Royal Charter

Answer 2

1881 (Awarded by the Privy Council)

Question 3

What are the four fellowship characteristics?

Answer 3

1. Leadership, 2. Professional achievement, 3. Academic achievement, 4. Raising the profile of the RICS

Question 4

Who is the current president?

Answer 4

Ann Gray from 1st January 2023

Question 5

What are the 3 main roles of the RICS?

Answer 5

1.’To maintain the highest standard of education and training’
2. To protect consumers through strict regulation of professional standards
3. To be the leading source of information and independent advise on land, property, construction and associates environmental issues.

Question 6

Why was the Bichard review commissioned?

Answer 6

Following the independent review of internal governance failings within RICS by Alison Levitt. This review highlighted the lack of clarity, structure and purpose. The RICS commissioned the Bichard review to address this.

Question 7

What are the seven key recommendations of the Bichard Review?

Answer 7

1. Increased focus on the public interest and creating a public interest panel to advise governing council
2. Maintain self-regulation through greater independence for regulatory functions
3. Focus on diversity and inclusion
4. Greater support to regional boards and younger members
5. Independent review of RICS’ governance at delivering against its charter every 5 years
6. A new simplified, accountable governance structure
7. Leadership on issues that matter to society i.e sustainability

Question 8

What is the RICS aim following Bichard review

Answer 8

To deliver a member led public interest focused RICS

Question 9

What are the 5 benefits of being an RICS member?

Answer 9

1. Status
2. Recognition
3. Market advantage
   Knowledge
   Network