Ethics, rules of conduct and professionalism - lvl 1 Flashcards
When was RICS founded?
Who granted the RICS Royal Charter and when?
What is the role of RICS?
What are the key functions of RICS?
What is a Royal Charter?
Who is the current RICS president?
What do you understand by the term self-regulation?
Explain to me the new RICS Rules of Conduct - what do they replace?
When do they take effect?
Who do they relate to?
What are the 6 ethical principals that the Rules of Conduct are based on?
What are the 5 Rules?
Give an example behaviour of each.
What are the professional obligations of firms and members to RICS?
What disciplinary procedures can the RICS impose?
In what circumstances can these be imposed?
When did the RICS last update their disciplinary panel rules?
What are the different levels of action within these procedures?
What money laundering regulations or legislation are you aware of?
What is a red flag of money laundering
What bribery legislation are you aware of?
What is a bribe?
What are the penalties for accepting a bribe?
What are the penalties for being involved in money laundering?
What constitutes an offence under the current money laundering regulations?
How long should you keep money laundering records for?
What is Professional Indemnity Insurance (PII)?
Can you tell me about RICS requirements in relation to PII?
Refer to RICS GN Risk, Liability and Insurance 1st Edition, 2021
Tell me what you understand about Complaints Handling Procedures (CHP).
When and how can the RICS be involved in a complaint about a firm or member?
Can you tell me about the CPD requirements for members of RICS?
Why is CPD important?
Tell me about the RICS’ guidance on dealing with Conflicts of Interest.
How would you close down a regulated firm?
What are the current RICS rules for registration of firms?
Who is a ‘qualified member’ of RICS?
When must a firm register for regulation?
What are the registration eligibility criteria?
What RICS guidance note related to handling client money?
What are some of the key principles of the RICS PS relating to client money protection?
What do RICS set out as good practice for their use of social media in their Regulation document (June 2021)?
Explain your understanding of the RICS Levitt review.
What is whistleblowing?
Explain what you understand by the RICS Bichard Review.
What is modern slavery and how would you identify red flags of it?
What is the Sanctions List and why should you be aware of it?
Why was the Register of Overseas Entities introduced?
What are the six RICS values published as a result of the Levitt review?
Explain the impact of the Economic Crime (Transparency and Enforcement) Act 2022.
