Level 3 - Conduct rules, Ethics and Professional Practice Flashcards
N3. Does the RICS publish any guidance on the Disciplinary Measures?
• Yes, there is a large section on the RICS website.
N4. What RICS initiatives do you know of?
- Diversity and Inclusion
- Lionheart.
N5. Can you tell me more about Diversity and Inclusion?
- 2015 RICS launched Inclusive Employer Quality Mark, Based on 4 clear, key principles:
- Leadership
- Recruitment
- Culture
- Development
- Accounced steps to advance inclusion for black proffessionals
N6. What issues do you know about that the RICS are looking into?
- Fire Safety Bill - training for surveyors undertaking EWS assessments
- Building Safety Bill - A higher level of competency will be required for the three regulated roles referred to in the Bill of Principal Designer, Principal Contractor and Building Safety Manager (BSM) for HRBs. In addition, a new Building Safety Regulator will have responsibility and oversight of the building control profession.
- Value the planet - campaign promotes the preservation of the planet through the implementation of the UN’s sustainable development goals.
N7. Who is the interim chair of the governing council?
Nicholas Maclean
N8. Who is the president elect?
Clement Lau FRICS
(RICS President Elect)
N9. What current themes does Clement Lau promote?
- To extend the reach and influence of RICS’ thought-leadership
- To drive the organisation’s digital capability during his term
N10. What is the Royal Charter?
• Awarded in 1881 by Queen Victoria, to maintain and promote the usefulness of the profession for the public advantage.
N11. How many Countries and how many Members does the RICS operate in and have?
- RICS operates in 146 countries.
- RICS has approximately 140,000 members.
N12. Where is the RICS Head Quarters?
• Parliament Square, London.
N14. What do you think about the RICS?
- Is a highly respected international proffessional body
- Gold standard in ethical and proffesional best practice
- High degree of trust of it’s members due to rigorous onboarding and ongoing governence.
N15. What is the Role of the RICS?
- To Regulate and promote the profession.
- To Maintain the highest standards.
- Protect Clients and consumers through the strict code of ethics.
- Provide impartial advice and guidance.
N16. How many professional groups are there?
• 18.
N17. Can you name some of the professional groups?
- Quantity Surveying and Construction.
- Project Management.
- Building Surveying.
- Facilities Management
- Rural
- Dispute Resolution.
N18. What are the duties of these professional groups?
- To provide best practice guidance.
- To set standards for professional competence.
- To provide training, CPD and network opportunities.
- Promote and Represent.
- To undertake research to improve the profession.
N19. What are the three market sectors covered by the RICS?
- Land.
- Property.
- Construction.
N20. What is the Governing Structure for the RICS?
- They meet three times a year.
- New president every year.
- There is a 70 strong governing council chaired by the president.
N21. can you describe the RICS governing structure to me?
- At the top is the Governing Council.
- Below this is the Regulatory Board, the Audit Committee and the Management Board.
- Below the Management board there are 7 sub-boards, being:
a. World Board.
b. Knowledge Board.
c. Members Board.
d. Finance Board.
e. Renumerations Board.
f. Business Development Board.
g. Communications Board.
N22. What is the RICS Matrics?
- A division of the RICS dedicated to student surveyor training.
- Produces a network of Charity and Networking events.
- Promotes seminars and lectures.
N24. What did the Levitt Report introduce?
16 recomendations covering:
- Greater transparency and availablity of all board minutes to other boards
- More frequent board meetings
- No presidential team on management board
- Whistleblowing structure
- Competative tender for legal advisers
And a Public Apology
N25. What Help Sheets does the RICS publish?
• Helpsheets on:
o CPD.
o Complaints Handling Procedure.
o Handling Clients Money.
o PII Requirements.
N26. How many levels of RICS membership are there?
• 4.
N27. What are the four levels of RICS membership?
- Trainee.
- Associate.
- Member.
- Fellow.
N28. How do you become a fellow?
- 5 years post award MRICS.
- Managerial positions.
- Significant contribution to the profession.
N29. What is the APC?
• The Assessment of Professional Competence is a period of structured training followed by a Final Assessment Interview.
N30. What different routes can you take to APC?
• Graduate Route 1 which requires:
o An accredited degree.
o Plus 2 years industry experience.
o And diary.
• Graduate Route 2 which requires:
o An accredited degree.
o 5 years industry experience.
o 1 year diary.
• Graduate Route 3 which requires:
o An Accredited degree.
o 10 years industry experience.
o Submission.
• Academic route which requires:
o Portfolio.
o 3000 word submission.
o Continued Professional Development.
o Final Assessment Interview.
N31. What is the route for an associate member?
- 0 to 4 years experience.
- 2000 word summary of experience.
- 2000 word case study.
- 24 hours CPD.
- Completion of Online ethics course.
N32. What is Lionheart?
• A benevolent fund dedicted to providing support and financial aid to current and past members and their families.
N33. If you become qualified, how will you become involved with the RICS?
- I will attend RICS events.
- Become and APC supervisor.
- Respond to Surveys and Consultations.
- Promote the profession
- Participate in a leaders forum
N34. Would you like to become an APC Assessor?
Yes, I would like to help others develop to become members of RICS, particularly in the FM pathway.
N35. How do you become an assessor?
• Must be MRICS for three years, plus a 1 day training course.
N36. What is the role of the APC Supervisor?
- To Advise a candidate on the most appropriate route and competencies.
- Offer guidance, support and encourage candidates.
- Evaluate candidates structured training.
- Guide candidates through the Submission.
N37. What benefits will you gain from becoming MRICS?
- International Recognition from clients and peers.
- Competitive Advantage.
- A known level of professional standards.
- Quality assurance to my clients.
- Access to information and training resources.
N38. What is the ‘Black Book’?
• A suite of best practice guidance notes and technical standards for Quantity Surveying and Construction professionals
N40. What is the ‘Red Book’?
• Mandatory rules and Practice guidance for Valuation Surveyors.
N41. What are the Five Principles for Better Regulation?
- Proportionality.
- Accountability.
- Consistency.
- Targeting.
- Transparency.
N42. Who determines the Five Principles for better regulation?
• The Better Regulations Commission.
N43. What is the difference between ethics and rules?
- Ethics are a moral principle and value.
- Rules are the framework we work to.