General RICS Questions Flashcards

1
Q

Who is the current president of the RICS?

A

Timothy Neal

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

When was the RICS established?

A

1868

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

What is the purpose of the RICS?

A

To promote and enforce the highest professional standards in property and various areas

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Who is the chairman of the RICS board in Scotland?

A

Richard Burnett FRICS

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

What do you need when setting up your own business?

A

1) Suitable premises with relevant cover including PII and third party indemnity insurance
2) inform RICS and apply for registration of firm
3) Contact officer
4) Complaints handling procedure
5) Staff training - ensuing staff have relevant skill to undertake tasks
6) Appropriate account system - ringfenced when handling client money

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

What do you need to do when you close down your business?

A

1) agree closure date
2) inform RICS
3) inform staff and provide support
4) inform clients and take instructions
5) appropriately deal with clients money and ensure account is closed properly in according with Client Money Handling professional statement
6) notify PII and ensure run off cover
7) securely hold records for a minimum of 6 years
8) cover everything - all contact bases, ensure notice when people try to contact you etc.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

What guidance is there around handling clients money and when did this become effective?

A

RICS professional statement Client money handling Oct 2019

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

What are the key objectives under the Client money handling professional statement?

A

That client money is kept safe
Client money accounts are used for appropriate purposes only
RICS regulated firms have appropriate controls and safeguards to protect clients money

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

What is the purpose of a Royal Charter?

A

It effectively grants the RICS the ability to govern its own affairs and set its own constitution and powers

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

When was the royal charter granted?

A

It was granted by the Privy council in 1881

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

What guidance is there on firm registration?

A

The new RICS Rules for the registration of firms , April 2020

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

When are you required to regulate your firm?

A

Where atleast 50% of the firms principles are RICS members

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

When are firms eligible for registration?

A

Where they are providing surveying services to the public

Where 25% of more of the firms principles are RICS members

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

Can you tell me any examples of disciplinary action taken by RICS? What was the charge?

A

On 2nd July a member was found to have been in breach of Rule 3 of Rules of Conduct for members ‘Ethical behaviour’

Removed membership.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

Can you tell me something you have read recently?

A

I recently read about the consultation for changes to the Rules of Conduct, incorporating principles of respect and sustainability.

I think the principles of respect are already strongly upheld by RICS however it’s ever more important in this changing environment to be respectful of each other, we are all facing difficult circumstances economically and mentally.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

What makes a good CHP?

A

Refer to RICS Complaints handling 2016 guidance
Be fit for purpose, be regularly reviewed, be easily accessible to staff and customers, be agreed with RICS and insurers, provide details to independent redress scheme

Respond within 28 days

17
Q

Who is Network Rails GDPR officer?

A

Fiona Mconachie

18
Q

What RICS doing to promote diversity and inclusion?

A

Inclusive Employer Quality Mark - effectively RICS are making steps fo become a more inclusive organisation, promoting key principles under the equality act 2010

19
Q

What is Network Rails policy for holding client money?

A

Client money is easily identifiable, held in discrete, insured and audited bank accounts. All rent deposits are held in appropriately interest bearing accounts.
Audited and approved by RICS and FCA
Accessible on demand and clear procedures
Policy available on NR website
NR training course
Client money handling professional statement, 2019