HOT TOPICS

Question 1

Two recent standards that the RICS has issued?

Answer 1

WLCA- Whole Life Carbon Assessment – September 2023 2nd ed – standard for carbon and measurement in built environment

RICS UK Supplement – May 2024

Question 2

Any recent case law you have read recently?

Answer 2

Alliance Insurance v Exeter University
second WW2 bomb destroyed buildings
high court ruled invalid- bomb was result of war (excluded from insurance claims)

Question 3

Recent legislation?

Answer 3

Leasehold/Freehold Bill (2023/2024) - making it easier for leaseholders to extend their lease and buy freehold

Levelling up and regeneration Act (2023)- S106/CIL replaced with infrastructure levy

Question 4

What is a recent RICS article that you found interesting?

Answer 4

Sustainability Report 2023

Question 5

If your a new business how do you ensure appropriate level of PII insurance?

Answer 5

estimate turnover and adjust accordingly

Question 6

What benefits of PII for professional?

Answer 6

-protected from financial losses
-protection of assets and resources

Question 7

On what basis is PII covered?

Answer 7

claims made - at time of claim discovered not breach made

Question 8

What are PII requirements?

Answer 8

claims made
min levels
uninsured excess
run off cover - 6 years
policy: past, present directors and partners

Question 9

Social Media- what are RICS views?

Answer 9

encouraged- Social Media: Guidance for Members (2021)

-high standards in line with ROC
-not disrespectful

Question 10

when would a social media post be investigated?

Answer 10

-discrimination
-dishonesty
-abusive behaviour
-bullying
-ignoring advice

Question 11

RICS Sustainability Report 2023- what did you find most interesting?

Answer 11

Tina Pallet- current RICS president- we are making progress but not enough
built environment 40% of worlds carbon emissions
need joint action from LL + T
education and training essential
government policy huge role in steering action.

Question 12

What is some recent RICS news?

Answer 12

RICS local branch network- helping disconnect against RICS/Members

RICS Sustainability Report

RICS UK Commercial Property Monitor (prime office greater lead than secondary, occupier/investor demand remains downbeat outside industrial sector, respondents feel market has reached bottom of cycle)