Mandatory

Question 1

RICS 5 ethical principles

Answer 1

Honesty
Integrity
Competency
service
respect and responsibility

Question 2

What is the role of RICS

Answer 2

Global professional body promoting the highest standards
Global standard of professional regulations

Question 3

What is the purpose of RICS

Answer 3

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

Question 4

Powers available under RICS misconduct disciplinary

Answer 4

Fixed penalty Notice
Regulatory compliance order
CPD sanctions
Disciplinary panel

Question 5

How does RICS ensure firms abide by rules of conduct

Answer 5

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

Question 6

Why must a surveyor remain solvent

Answer 6

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

Question 7

Asked to do something unethical

Answer 7

Speak to someone senior
Whistleblow if required

Question 8

How would i manage a conflict of interest

Answer 8

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

Question 9

Types of conflict

Answer 9

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

Question 10

Handling client money

Answer 10

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

Question 11

Is it appropriate to recive a gift from a client

Answer 11

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

Question 12

RICS governance structure

Answer 12

Governing Council
Privy Council
Standards and Regulation Board
RICS board

Question 13

5 principles of better regulation

Answer 13

Transparent
Proportional
Accountable
Consistent
targeted

Question 14

How many years after instruction can a claim be made

Answer 14

15 years

Question 15

Type of insurance cover after a firm ceases to trade

Answer 15

run off cover

Question 16

RICS guidance on bribery

Answer 16

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

Question 17

When did the current RICS rule of conduct put take effect

Answer 17

1st February 2022

Question 18

How many rules of conduct are there

Answer 18

9

Question 19

Who owns the copyright of a val report

Answer 19

The surveyor, the client is licensed to copy it

Question 20

Legislation covering data

Answer 20

The data protection act 2018

Question 21

RICS requirements for H and S

Answer 21

RICS Surveying Safely (2nd Edition) Guidance Note

Question 22

employers duty under health and safety at work act 1974

Answer 22

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

Question 23

Asbestos leg

Answer 23

Control of Asbestos Regulations 2012,

Question 24

RICS guidance note on asbestos

Answer 24

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

Question 25

what is leigionaires

Answer 25

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