Ethics, Rules of Conduct and Professionalism Level 1 Flashcards
Why do you want to become a member of RICS?
It is a key milestone in my professional development, it proves that I am an expert in my field.
What is the role of RICS
-Advancing the highest ethical and technical standards
-Protecting and providing benefits to consumers by enforcing standards and codes of best practice
-providing impartial expert advice to governments, business and the public
-equipping RICS members with advice, market insight and training.
What are the key functions of RICS
-Advancing the highest ethical and technical standards
-Protecting and providing benefits to consumers by enforcing standards and codes of best practice
-providing impartial expert advice to governments, business and the public
-equipping RICS members with advice, market insight and training.
What is a Royal Charter?
It is a formal grant issued by a monarch, it creates public or private corporations and defines their privileges and purpose.
Who is the current RICS president
Ann Gray
What do you understand by the term self-regulation?
Being aware of your behaviour, emotions and thoughts and how it can help you reach your goals.
Can you tell me what you understand by the principles of better regulation?
Proportionality
Accountability
Consistency
Targeting
Transparency
What is a Bye-Law?
A law of local or limited application.
Can you give an example of a RICS Bye-Law?
Byelaw 1 - Application and Definitions
Explain to me the new RICS Rules of conduct, what do they replace?
The previous version had been in place since 2007, the new version is a simpler structure with clear examples.
When do the new rules take effect?
02/02/2022
Who do they relate to?
They relate to not only members/firms of the RICS but also to the public.
What are the 6 Ethical Principles that the rules of conduct are based on?
