Mandatories Flashcards
What is the role of the RICS?
Maintain highest standards of education and training
protect consumers through strict regulation of professional standards
Leading source of information and independent advice on land, property, construction and associated environmental issues
What are some of the current challenges currently facing the RICS?
War in Ukraine - Sanctions
Bichard review:
Simplified governance structure
Increased focus on diversity and inclusion
greater leadership on issues that matter most to the public such as sustainability & climate change
Who governs the RICS?
Governed under its royal charter by various internal councils and associations:
21 members in the governing council
Regulatory board, management board and various other boards that report to the governing council
UK:
4 National Associations
10 Regional boards
Local associations
What 5 benefits are there to being a member?
Knowledge
status
market advantage
network
recognition
What are the types of conflict of interest?
party
own interest
confidential information
What is informed consent?
written approval from parties after being provided with all details of the conflict to proceed with an instruction
What level of pii cover does cluttons have and why?
minimum £1m
What are the principles of the bribery act? how many?
What’s the penalty?
6 …
10 years prison and/or unlimited fine
What due diligence do you need to do for individuals?
Companies?
How long do you have to respond to a complaint?
