Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

APC > Ethics, Rules of Conduct and Professionalism > Flashcards

Ethics, Rules of Conduct and Professionalism Flashcards

1
Q

When was the RICS founded?

A

1868

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

How many RICS members are there?

A

Currently over 134,000 qualified members

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

What are the 4 levels of RICS membership?

A

FRICS
MRICS
AssocRICS
Trainee/Student

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

ADD Current Governance structure

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

Who is the RICS accountable to?

A

It is accountable to both its members and the public

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

What are the 3 main roles of the RICS

A

1) To maintain the highest standards of education and training
2) To protect consumers through strict regulation of professional standards
3) To be the leading source of information and independent advice on land, property, construction and associated environmental issues

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

What were the 7 key recommendation from the Bichard Review (June 2022)

A

1) Renewed and increased focus on the public interest remit of RICS
2) Maintaining self-regulation
3) Increased focus on Diversity & Inclusion
4) Empowering and enabling members
5) Undertaking an independent review of RICS’ governance and effectiveness at delivering against its charter
6) A new simplified, clear, accountable governance structure
7) Showing greater leadership on issues that matter most to society (e.g. sustainability & climate).

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

What are the 5 benefits of being a member of the RICS?

A

Status - gives client confidence

Recognition - promotion of professional excellence to govs and markets

Market Advantage - access to RICS standards and status gives competitive adv.

Knowledge - gained through CPD, standards and guidance

Network - access to over 134,000 profs worldwide.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

How do RICS standards ensure consumer proctection?

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

What are the RICS’ three benefits of regulation for firms? (CPS)

A

Confidence - for clients knowing frims are regulated

Professionalism - firms have to provide clear, impartial and expert advice

Security - Firms have to have recognised complaints procedure, access to free independent redress and PII cover

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

REQUIREMENTS FOR REGISTRTION

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

When were the new Rules of Conduct published and when did they come into effect?

A

Published - October 2021

Effective - 2nd February 2022

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

RICS Rules of Conduct - Rule 1

A

Members and Firms must be honest, act with integrity and comply with their professional obligations, including obligations to the RICS.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

RICS Rules of Conduct - Rule 2

A

Members and Firms must maintain their professional competency and ensure that services are provided by comptent individuals who have necessary expertise

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

RICS Rules of Conduct - Rule 3

A

Members and firms must provide good quality and diligent service

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

RICS Rules of Conduct - Rule 4

A

Members and firms must treat others with respect and encourage diversity and inclusion

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
17
Q

RICS Rules of Conduct - Rule 5

A

Members and firms must act in the public interest, take responsibility for their actions and act to prevent harm and maintain public confidence in their profession

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
18
Q

Examples behaviours of each rule - THESE ARE PUBLISHED WITH THE RULES

A
19
Q

What are the 3 professional obligations that members must abide by?

A

1) Comply with CPD requirements set by the RICS

2) Cooperate with the RICS

3) Promptly provide all information reasonably requested by the Standards and Regulation Board

20
Q

What does the RICS stand for?

A

The Royal INSTITUTION of Chartered Surveyors

21
Q

What are the obligations of an RICS-regulated firm?

A

7 obligations ADDDD

22
Q

Why did the RICS develop the new Rules of Conduct?

A
  • A simpler structure. To make it easier for members and firms to understand.
  • OTHERS ADDDDDD
23
Q

DISCIPLINARY PROCEDURES

A
24
Q

SOCIAL MEDIA

A
25
Q

Can you give an example of a Professional Statement?

A
  • Conflicts of Interest, Global, 2017
  • Service Charges in Commercial Property, 2018
  • ADD OTHERS
26
Q

Can you give an example of a Guidance Note

A
  • Japanese Knotweed and residential property, 2022
  • Valuation of development property, 2019
  • Surveying Safely, 2018
    -ADD OTHERS
27
Q

Where does the RICS stand on Fee Negotiations?

A

Firms should avoid price fixing, aggressive fee cutting or collusion with competitors

28
Q

Why might you decline an Instruction?

A
  • There is a conflict of interest
  • Professional Indemnity Insurance Liability Cap cannot be agreed
  • You are not competent to undertake the work
  • Client is included in a UK Government sanctioned list
29
Q

Can you give an example of when a conflict of interest has been managed within your firm?

A

Battersea??

30
Q

Confidentiality

A
31
Q

where would you find RICS information on Complaints Handling Procedure

A

RICS Guidance Note on Complaints Handling, 2018

32
Q

LOTS MORE ON COMPLAINTS

A
33
Q

What are the 4 requirements of Continuing Professional Development?

A

1) Member shall undertake a minimum of 20 hours CPD per annum
2) of the 20 hours, at least 10 must be formal CPD
3) All members must maintain a relevant and current understanding of the RICS Rules of Conduct, during a rolling 3 year period
4) All members must record their CPD activity using the RICS CPD Management System available online.

34
Q

What is Formal CPD?

A

All forms of structured learning, that has clear objectives and outcomes
E.g. structured online training, Courses, Seminars, and self- managed learning that can be assessed by an expert third party

35
Q

What is Informal CPD?

A

Any self-managed learning that is relevant or related to your professional role.
EG….. ADD

36
Q

What is the minimum level of Professional Indemnity Insurance required for a firm with a turnover of £100,000 or less (in the preceding year)?

A

£250,000

37
Q

What is the minimum level of Professional Indemnity Insurance required for a firm with a turnover of £100,001 to £200,000 (in the preceding year)?

A

£500,000

38
Q

What is the minimum level of Professional Indemnity Insurance required for a firm with a turnover of £200,001 or more (in the preceding year)?

A

£1,000,000

39
Q

Maximum Level of uninsured excess???? ADD

A

ADD

40
Q

Further details and QUESTIONS OF PII TO ADD

A
41
Q

NEGLIGENCE

A
42
Q

HANDLING OF CLIENTS MONEY

A
43
Q

STARTING A NEW PRACTICE

A

APC (19 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions