Ethric - RICS

Question 1

What does ‘RICS’ stand for?

Answer 1

Royal Institution of Chartered Surveyors

Question 2

How many UK offices does the RICS have?

Answer 2

4
London, Birminham, Belfast and Edinburgh

Question 3

How many RICS bye-laws are there?

Answer 3

10

Question 4

What is Bye-Laws?

Answer 4

• Rules made by company or society to controls the actions of its members
• The enabling principles underpinning rules and regulations.
• 10 bye-laws

Question 5

RICS Bye-laws example

Answer 5

• Bye-Law 2: Members and Registration
• Bye-Law 4: Contributions to Funds
• Bye-Law 6: Governing Council, Officers and Staff
• Bye-Law 8: Procedure for General Meetings
• Bye-Law 10: General

Question 6

What does the RICS Bye Law state about confidentiality?

Answer 6

Client confidentiality must be maintained at all times, historic data must be kept for 6 years minimum (15 years ideal).

Question 7

What is ethics?

Answer 7

Moral principles that govern a person’s behavior or the conducting of an activity.

Question 8

What is the difference between ethics and integrity?

Answer 8

Ethric - moral rules we follow
Integrity - sticking to those rules even when it’s hard

Question 9

When was the RICS (The Royal Institution of Chartered Surveyors) founded?

Answer 9

1868

Question 10

When did the RICS achieve Royal Status?

Answer 10

1881

Question 11

What is a Royal Charter?

Answer 11

The Royal Charter allows the RICS to be self-governed. It maintains and promotes the usefulness of the profession for public advantage.

Question 12

What is the role of the RICS?

Answer 12

• Maintain the highest standards of education and training.
• Protect consumers through strict regulation of professional standards.
• To be leading source of information and independent advice on land, property, construction and associated environmental issues.

Question 13

What are the 5 Benefits of being an RICS member:

Answer 13

1. Status - Your professional credentials provide unrivalled client confidence
2. Recognition - Promotion of your professional excellence to governments and markets
3. Market advantage - RICS status and standards gives you a competitive advantage
4. Knowledge - International practice standards, professional guidance, CPD and knowledge sharing
5. Network - Access to the professional worldwide

Question 14

RICS Motto?

Answer 14

‘Modus est Rebus’ – There is measure in all things.

Question 15

How many members are there in the RICS?

Answer 15

Over 130,000

Question 16

Name the different types of RICS memberships?

Answer 16

• FRICS
• MRICS
• AssocRICS
• Trainee/Student

Question 17

How do you become an FRICS?

Answer 17

• 5 or more years in MRICS
• Leadership role
• Professional or Technical Achievement
• Academic Achievement or raised profile of the RICS

Question 18

RICS CPD requirements?

Answer 18

20hrs per year (10hrs formal – clear learning objective or outcome)
Or training is 48 with 50% formal