Ethics, Rules of Conduct & Professionalism (3) Flashcards
What do RICS rule 5 say?
RICS rule 5 outlines the standards of professional conduct expected from members.
How to implement RICS rule 5?
Implement RICS rule 5 by ensuring compliance with ethical standards and professional integrity.
What does the RICS say about dispute resolution?
The RICS emphasizes the importance of fair and effective dispute resolution mechanisms.
What is your organisation’s dispute policy?
The organisation’s dispute policy outlines procedures for addressing and resolving conflicts.
What is the dispute procedure in a contract?
The dispute procedure in a contract specifies the steps to be taken in the event of a disagreement.
How did you manage any conflicts of interest?
Conflicts of interest were managed by disclosing them and taking appropriate actions to mitigate risks.
How did you raise awareness of conflicts of interest in your team?
Awareness was raised through training sessions and regular discussions on ethical practices.
How to keep up-to-date on the latest industry hot topics?
Stay updated by following industry news, attending conferences, and participating in professional networks.
How did you assess training and development requirements?
Training and development requirements were assessed through performance reviews and feedback from team members.
How did you assess the training requirements of your team?
The training requirements of the team were assessed by identifying skill gaps and future needs.
Why is ethics important to the RICS?
Ethics is crucial to the RICS as it ensures trust, integrity, and professionalism in the industry.
What are the RICS Rules of Conduct?
The RICS Rules of Conduct are guidelines that govern the behavior of members in their professional practice.
Are the RICS Rules of Conduct a standard or guidance document?
The RICS Rules of Conduct serve as a standard for professional behavior rather than just guidance.
What is the UK Bribery Act?
The UK Bribery Act 2010 is one of the world’s strictest anti-corruption laws, covering both individuals and businesses. It aims to prevent bribery and corruption in domestic and international business dealings.
1️⃣ Key Offences Under the Act
🔹 Giving or Receiving a Bribe (Sections 1 & 2)
Offering, giving, or promising a bribe to influence a person’s actions.
Requesting, accepting, or agreeing to receive a bribe.
💡 Example: Paying a public official to secure a contract.
🔹 Bribery of Foreign Public Officials (Section 6)
Offering a bribe to a foreign official to gain a business advantage.
💡 Example: A company bribing a foreign government official to obtain permits.
What is price fixing?
Price fixing is an illegal agreement between competitors to set prices at a certain level.
What is collusion?
Collusion is an agreement between parties to cooperate for fraudulent or deceitful purposes.
What is money laundering?
Money laundering is the process of making illegally obtained money appear legitimate.
