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APC 2024 > Mandatory > Flashcards

Mandatory Flashcards

1
Q

RICS 5 ethical principles

A

Honesty
Integrity
Competency
service
respect and responsibility

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2
Q

What is the role of RICS

A

Global professional body promoting the highest standards of competency, ethics and regualtions.

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3
Q

What is the purpose of RICS

A

Maintain the highest standards of education and training
To protect customers through regulations
To be the leading source of information and advice on land property construction and environment

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4
Q

Powers available under RICS misconduct disciplinary

A

Fixed penalty Notice
Regulatory compliance order
CPD sanctions
Disciplinary panel

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5
Q

How does RICS ensure firms abide by rules of conduct

A

RICS undertakes audits
Firms provide information when registration and in annual returns

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6
Q

Why must a surveyor remain solvent

A

May impair decision making and leave them open to accepting bribes
If you are unable to mange your own finances how can you manage your clients finances

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7
Q

Asked to do something unethical

A

Speak to someone senior
Whistleblow if required

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8
Q

How would i manage a conflict of interest

A

Is it proceedable
Written advice to both parties including confirmation to continue
Conflict management - chinease wall

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9
Q

Types of conflict

A

Party conflict - acting on both sides of transaction
Own interest conflict - relating to a personal interest
Confidential information conflict - Relating to confidential works between parties

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10
Q

Handling client money

A

Client is on the account
Client can have their money on demand
Regular bank reconciliation
Accurate records are kept
Annual Audit
A discrete account

RICS PROFESSIONAL STANDARD
Client money handling
1st edition, October 2019
Effective from 1 January 2020

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11
Q

Is it appropriate to recive a gift from a client

A

I would consult internal policies and RICS guidance
Depends on the level of gift
record of gift received
Bribery act 2010

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12
Q

RICS governance structure

A

Governing Council
Privy Council
Standards and Regulation Board
RICS board

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13
Q

5 principles of better regulation

A

Transparent
Proportional
Accountable
Consistent
targeted

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14
Q

How many years after instruction can a claim be made

A

15 years

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15
Q

Type of insurance cover after a firm ceases to trade

A

run off cover

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16
Q

RICS guidance on bribery

A

Professional Standard - Countering bribery and corruption, money laundering and terrorist financing, effective 1 September 2019

17
Q

When did the current RICS rule of conduct put take effect

A

1st February 2022

18
Q

How many rules of conduct are there

A

5

19
Q

Who owns the copyright of a val report

A

The surveyor, the client is licensed to copy it

20
Q

Legislation covering data

A

The data protection act 2018

21
Q

RICS requirements for H and S

A

RICS Surveying Safely (2nd Edition) Guidance Note

22
Q

employers duty under health and safety at work act 1974

A

To ensure health, safety and wellbeing of employees and other affected persons is not at risk, so far as is reasonably practicable

23
Q

Asbestos leg

A

Control of Asbestos Regulations 2012,

24
Q

RICS guidance note on asbestos

A

Guidance Note Asbestos: legal requirements and best practice for property professionals and clients UK 4th edition

25
Q

what is leigionaires

A

Potentially fatal form of pneumonia caused by legionella bacteria dispersed into atmosphere

26
Q

President of the RICS

A

Tina Paillet FRICS

27
Q

RICS headquarters

A

12 Great George Street, London, SW1P 3AD

28
Q

what are data ethics

A

covers the ethical and moral obligations of collecting, sharing, and using data, focused on ensuring that data is used fairly, for good.

29
Q

unethical data

A

It’s illegal and unethical to acquire someone’s personal data without their consent and authorization

30
Q

latest rics publication on sustainability

A

RICS sustainability report 2023

the RICS Sustainability Report provides a global benchmark for issues of climate, carbon and sustainability practice.

APC 2024 (19 decks)

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