Ethics, Rules Of Conduct And Professionalism Flashcards
When was RICS founded?
1868
What type of charter does RICS have?
Royal Charter
In what year was the Royal Charter initially granted to RICS?
1881
What documents set out the governance of the RICS?
RICS Regulations and Bye-laws
What was the current membership of RICS as of 31 December 2023?
113,000 qualified members and 28,000 trainee members
What are the four levels of membership in the RICS?
- RICS Fellow - FRICS
- Chartered Member - MRICS
- Associate Member - AssocRICS
- RICS Student
What is required to become a RICS Fellow?
Evidence of achievement of FOUR Fellowship characteristics, which include;
1) five or more years at MRICS
2) a leadership role
3) professional/technical achievement
4) academic achievement
5) raising the profile of the RICS
(A portfolio of professional achievement to support the application is required to include your CPD record)
What is the highest governing body of RICS and what does it do?
Governing Council which provides management and strategic direction, ensuring that RICS fulfills its Royal Charter obligations.
How many members are in the RICS Governing Council?
29 members
There are two
Which boards report to the RICS Governing Council?
1)Standards and Regulation Board
2) Management Board
How many specialist professional groups does RICS have?
17 specialist professional groups
What is the role of each professional group within RICS?
Each profession group has an elected board and is responsible for outlining standards of competence and practice
Who is the current Chief Executive Officer of RICS?
Justin Young
Who is the current President of RICS as of January 30, 2025?
Justin Sullivan FRICS
This position is held for a term of one year. This position also chairs the governing council.
Who is the President-Elect of RICS?
Nick Maclean FRICS
What does the Royal Institution of Chartered Surveyors promote?
The highest professional qualifications and standards in the development and management of land, real estate, construction, and infrastructure.
To whom is the RICS accountable?
Both members and the public.
What type of engagement is the RICS involved in?
Policy influence and political engagement.
Fill in the blank: The RICS promotes and enforces the highest professional _______.
qualifications and standards in the development and management of land, real estate, construction and infrastructure (RICS, 2020)
True or False: The RICS only serves its members and is not accountable to the public.
False
What are the THREE main roles of the RICS?
- To maintain the highest standards of education and training
- To protect consumers through strict regulation of professional standards
- To be the leading source of information and independent advice on land, property, construction and associated environmental issues
RICS 2015
What do our standards documents lay out?
The ethical conduct and competence-related standards for the profession.
Standards are essential for maintaining professionalism in the field.
What do professional members and RICS regulated firms deliver by working to our standards?
Confidence and transparency.
These elements are crucial for public trust in the profession.
How does RICS ensure that standards are upheld by the profession?
Through a system of independently led regulation.
Independent regulation helps maintain objectivity and integrity.
True or False: RICS standards only focus on ethical conduct.
False.
Standards also include competence-related aspects.
Fill in the blank: RICS ensures standards are upheld through a system of _______.
independently led regulation.
This system is designed to maintain high professional standards.
What does the development and enforcement of leading international standards protect?
Consumers and businesses
This ensures that professionalism is maintained across various environments.
What environments are affected by the enforcement of international standards?
Built and natural environment
This highlights the broad scope of the standards’ impact.
What are the 5 Future Foundations published by RICS in November 2023?
Mission, Vision, Strategic goals, Values, Benefits of Being a RICS member
These foundations were established following the Bichard Review.
What is the mission of RICS?
Inspire members, Advance knowledge, Uphold standards
This outlines the core functions RICS aims to achieve.
What is the vision of RICS?
A natural and built environment that is sustainable, resilient and inclusive for all.
List the strategic goals of RICS.
- Lead and influence on sustainability
- Attract a diverse next generation
- Strengthen trust in the profession
- Enhance member value and engagement
What are the core values of RICS?
- Professional
- Collaborative
- Inclusive
- Ambitious
What defines RICS as a world-class organization?
An efficient, effective and inspiring professional body that is easy to do business with.
What is one benefit of being a RICS member related to status?
Your professional credentials provide unrivalled client confidence.
How does RICS support recognition for its members?
Promotion of your professional excellence to governments and markets.
What market advantage does RICS membership provide?
RICS status and standards gives you a competitive advantage.
What type of knowledge does RICS membership offer?
International practice standards, professional guidance, CPD & knowledge sharing.
