Ethics, Rules of Conduct & Professionalism - RICS Requirements Flashcards
When was the RICS founded?
1868
When was the Royal Charter granted?
1881
Who granted the Royal Charter?
The Privy Council
What do the RICS Regulations and Bye-laws set out?
The governance of the institution
How many current members
Over 140,000 qualified & trainee
What are the 4 levels of membership
- FRICS
- MRICS
- AssosRICS
- Trainee/Student
How do you become a fellow?
Provide evidence of 4 Fellowship characteristics,
* 5+ years at MRICS
* a leadership role
* professional/technical achievement
* academic achievement or raising the profile of RICS
Alongside this portfolio you must include your CPD record
What is the governing structure?
- Governed under the terms of its royal charter by various councils and boards
- Governing council has 20+ members
- There are 17 specialist professional groups which is each has an elected board
Who is the CEO?
Justin Young
Who is the president?
Tina Pailett FRICS with effect from 1st Jan 24
What is the role of the RICS?
‘To promote and enforce the highest professional qualifications and standards in the development and management of land, real estate and infrastructure’
What are the 3 main roles of the RICS?
- Maintain high standards of education and training
- Protect consumers through regulation
- Leading source of information and independent advice
Why was the Bichard review carried out
Following independent review of internal governing failings
What were the 5 key themes of the Bichard review
- Governance
- Strategy
- People
- Culture
- Values
- Member Service
What panels has the RICS introduced following the Bichard review to address priority issues?
Sustainability and Diversity, Inclusion and Equality
What are the 7 key areas of the Bichard Reviee
- Renewed focus on public interest
- Self regulation
- Focus on diversity and inclusion
- Empowering members
- Independent review of RICS governance and effectiveness
- New simplified governance structure
- Greater leadership on key issues in society (sustainability and climate change)
What are the 5 Future Foundations from Nov 23 following the Bichard Review?
Vision
Mission
Strategic Goals
Values
A world class organisation
What are the five benefits of being an RICS member
Status
Recognition
Market Advantage
Knowledge
Network
When were new rules of conduct published?
October 2021
What did the new rules of conduct replace
Rules of conduct for members and the 5 global professional and ethical standards
What are the 5 Rules of Conduct (2021)
- Be honesty and act with integrity and comply with personal obligations and RICS obligations
- Maintain professional competence and ensure services are provided by competent individuals with necessary experience
- Provide good quality and diligent service
- Treat others with respect and encourage diversity and inclusion
- Act in public interest, take responsibility for actions and act to prevent harm and making public confidence in profession
In Appendix X to the Rules of Conduct what must RICS members “professional obligations”?
- Comply with CPD requirements
- Cooperate with RICS
- Provide all information requested by standards and regulation board
In Appendix X to the Rules of Conduct what are RICS firms “professional obligations”?
- Publish complaints handling procedure
- All work is covered by professional indemnity cover
- If sole principle make appropriate arrangements in event of inability to work
- Cooperate with RICS
- Provide all information requested by standard and regulations board
- Display business literature
- Report to RICS any matter required to report
