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Ethics > General Q&A > Flashcards

General Q&A Flashcards

1
Q

Why do you want to become a member of RICS?

A

I want to become a member of a professional body that promotes integrity and professionalism, which is recognised and valued by my clients.

A RICS membership would allow me to contribute effectively to the industry

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2
Q

What is the RICS motto?

A

Est Modus in Rebus - There is a measure in all things

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3
Q

What is the role/key functions/mission statement of RICS?

A
  1. To qualify and equip members to provide the highest possible professional service
  2. Protecting and providing benefits customers by enforcing standards and codes of best practice
  3. Provide impartial guidance and advice
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4
Q

The importance of professional ethics?

A
  1. An anchor for appropriate behaviour
  2. Ensure consistency and transparency
  3. Members also want to show they are acting ethically for their own benefit and to promote teh profession
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5
Q

When was RICS founded?

A

1868

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6
Q

What is a Royal Charter?

A

Awarded in 1881 by Queen Victoria to maintain and promote teh usefulness of profession for the public advantage

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7
Q

What is a Bye-Law?

A

A regulation made by a local authority, organisation or corporation to govern its own activities and operations

These are bye-laws are essential governing documents for maintaining integrity, standards and effective operation of RICS

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8
Q

Give an example of one of the RICS Bye-Laws.

A

BL1: Definition & Application
BL2: Membership & Registration
BL5: Conduct

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9
Q

How many Countries and how many Members does the RICS operate in and have?

A

Over 140 countries and 130k members

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10
Q

What is Lionheart?

A

A benevolent fund to support and give financial aid to current and past RICS members and their families

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11
Q

What are the rules of conduct?

A
  1. Members and Firms must be honest, act with integrity and comply with professional obligations
  2. Members and firms must maintain professional competency and ensure services are provided by competent individuals
  3. Members and firms must provide a good quality diligent service
  4. Members and firms must treat others with respect and promote diversity and inclusion
  5. Members and firms must act in the public interest, take responsibility for their actions and maintain public confidence.
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12
Q

When was the RICS Rules of Conduct issued and when did the rules become effect?

A

Issued October 2021 came into effect Feb 2022

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13
Q

What changes were made to the Rules of Conduct 2022?

A

Provided clear examples
Provided a simpler structure
Focus on respect diversity and inclusion
Responded to evolving technology
Emphasis on members to use their expertise in tackling global challenges

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14
Q

What did the RICS Rules of Conduct replace?

A

5 Global Professional & Ethical standards

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15
Q

Why do we need the Rules of Conduct in the industry?

A

Knowing chartered surveyors have to abide by rules, gives clients and the general public greater confidence in the profession

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16
Q

Please could you provide me with an example as to when you have acted with honesty and integrity at work? (Rule 1)

A

Hospitality at Spurs ex

17
Q

Please could you provide me with an example as to when you have ensured you are maintaining and acting with competence at work? (Rule 2)

A

LTA example

18
Q

Please could you provide me with an example as to when you have provided good quality and diligent service at work? (Rule 3)

A

Upon taking on a new client I carry out relevant AML checks before entering in a PMA

19
Q

Please could you provide me with an example of when you have treated others with respect and encouraged diversity within the workplace (Rule 4)?

A

Whenever we have new starters joining I volunteer to be their buddy to ensure their smooth transition into the team

20
Q

Please could you provide me with an example of when you have taken responsibility and have acted in the public interest (Rule 5)?

A

I am fortunate enough to never have received a complaint, but if I do I will make sure to follow the appropriate CHP procedure

21
Q

What are the mandatory RICS requirements for member?

A
  1. To cooperate with RICS
  2. To carry out CPD in line with requirements
  3. Give information when reasonably requested by standards and regulation boards or those exercising delegated authority on its behalf
22
Q

Obligations Mandatory for RICS-regulated firms:

A
  1. Must cooperate with RICS
  2. PII cover
  3. A locum
  4. Designation on all business literature
  5. Give information when reasonably requested by standards and regulation boards
  6. have a CHP
  7. Report any matter they are required to report under teh rules of registration of firms required
23
Q

How would you define ethical behaviour for a chartered surveyor?

A

In accordance with RICS 5 Rules of conduct

24
Q

What is the RICS decision tree?

A

Flowchart to help members decide how to act in difficult situations where their professional ethics is being questioned

25
Q

What factors does the RICS decision tree consider?

A
  1. Do you have sufficient facts
  2. is it legal
  3. Is it inline with RICS rules of Conduct
  4. Have you consulted appropriate people to make an informed decision
  5. Do you have clear reasoning
    Is your decision informed and would you be happy with it being public?
26
Q

What is the RICS Governance Structure?

A

Privy Council
Governing Council
RICS Board
Standards and Regulation Board

27
Q

What are the 5 principles of better regulation? (PACTT)

A

Proportionality
Accountability
Consistency
Transparency
Targeting

28
Q

What is the role of the RICS?

A

RICS is a global leading professional body that promotes and sets a framework for the highest standards in property industry for its firms and its members.

Gold standard for professional regulation that promotes public confidence in the profession

29
Q

Who is the current president of the RICS?

A

Tina Paillet

30
Q

Who is the current president-elect of RICS?

A

Justin Sullivan

31
Q

Who is the CEO if the RICS

A

Justin Young

32
Q

Who is the chair of the standards and regulation board?

A

Nigel Clarke

33
Q

Within the Governing Council, what are the four strategy seats?

A

R&D
Residential
Urbanisation
Academia and Education
Capital Markets and Valuation
Land

34
Q

Levels of Disciplinary process

A

Conduct Committee - serve fixed penalty or consent order
Disciplinary Panel (more serious beaches) - Issue caution, impose fine or expel

Ethics (7 decks)

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