Lesson 2

Question 1

What are the 3 professional obligations of members?

Answer 1

(CPD, cooperate, provide info)
- CPD requirements
- Cooperate with the RICS
- Promptly provide all info reasonably requested by the Standards and Regulations board

Question 2

What are the 7 professional obligations of firms?

Answer 2

(CHP, PI, Locum, Cooperate, Provide info, Display RICS, Report Rules of Reg of Firms)
- Complaints handling procedure, incl. ADR (alternative dispute resolution) & maintain complaints log
- Previous and current professional work covered by adequate and appropriate PI cover
- Sole principal - arrangements for work to continue in event of incapacity, death, or absence, or inability to work
- Cooperate with RICS
- Promptly provide all info reasonably requested by the Standards and Regulations board
- Display in literature a designation to denote regulated by RICS
- Report to RICS any matter that they are required to under Rules for Registration of Firms

Question 3

How many countries are in the RICS?

Answer 3

150

Question 4

Where is the RICS Headquarters?

Answer 4

Parliament Square, 12 Great George Street

Question 5

What is the RICS governance structure?

Answer 5

-Governing Council (chaired by president, meets 3x a year)
- Management board (manages day-to-day RICS activities)
- Privy council (grants and awards the royal charter)
- Regulatory Board (non MRIS regulate the RICS)

Question 6

What laws govern the RICS?

Answer 6

RICS Royal Charter and Bye-Laws