Mandatory

Question 1

1st Rule of Conduct

Answer 1

Members and firms must be honest, act with integrity, and comply with both their professional obligations including those to the RICS

Question 2

2nd Rule of Conduct

Answer 2

Members and firms must maintain their professional competence and ensure services are provided competent individuals who have the necessary expertise

Question 3

3rd Rule of Conduct

Answer 3

Members and firms must provide good quality and diligent service

Question 4

4th Rule of Conduct

Answer 4

Members and firms must treat others with respect and encourage diversity and inclusion

Question 5

5th Rule of Conduct

Answer 5

Members and firms must act in the public interest, take responsibility for their actions and act to prevent harm and maintain public confidence in the profession.

Question 6

RICS guidance for money laundering?

Answer 6

RICS Professional Standard:
Countering bribery and corruption, money laundering and terrorist financing, 1st edition Feb 2019

Question 7

Legislation for money laundering?

Answer 7

• The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017.
• Proceed of Crime Act 2002

Question 8

RICS Guidance for conflicts of interest?

Answer 8

RICS Professional Standard Conflicts of Interest March 2017

Question 9

What legislation is there in relation to bribery?

Answer 9

• Bribery Act 2010
• Proceeds of Crime Act 2002

Question 10

RICS guidance in relation to client money handling?

Answer 10

• RICS Professional Standard - Client Money Handling 1st Edition, October 2019
• RICS Client Money Protection Scheme for Surveying Services
• RICS Client Money Protection Scheme for Property Agents

Question 11

What legislation governs health and safety?

Answer 11

Health & Safety at Work Act 1974

Question 12

Is there RICS guidance for health and safety?

Answer 12

RICS Guidance Note
Surveying safety: health and safety principles for property professionals 2nd edition Nov 2018

Question 13

What legislation covers PPE?

Answer 13

Personal Protective Equipment at Work (amendment) Regulations 2022

Question 14

What does IOSH stand for?

Answer 14

Institute of Occupational Safety and Health

Question 15

What act governs GDPR?

Answer 15

Data Protection Act 2018

Question 16

RICS Guidance for the rules of conduct?

Answer 16

RICS Publication “rules of conduct 2021”

Question 17

What is a conflict of interest?

Answer 17

Where the duty of a RICS member or regulated firm to act in the interests of a client or other party in a professional assignment conflicts with a duty owed to another.

Question 18

What can you do in the event of a COI?

Answer 18

If appropriate, ask client for informed consent.
Operate data barrier so neither colleague can see other’s data.

Question 19

What is the difference between a balance sheet and a profit and loss account?

Answer 19

Balance sheet - reveals entity’s financial position (assets, equity and liabilities)
Profit and loss - shows entity’s financial performance ( revenue and expenses)

Question 20

What is unconscious bias?

Answer 20

A subconscious attitude that affects the way individuals feel and think about others around them

Question 21

What is RICS purpose?

Answer 21

Global standards body which regulates the profession and advances the usefulness of the profession for the public

Question 22

What is the RICS aim?

Answer 22

to promote and enforce the highest professional qualifications and standards in the development and management of land, real estate, construction and infrastructure