Mandatory Flashcards
RICS 5 ethical principles
Honesty
Integrity
Competency
service
respect and responsibility
What is the role of RICS
Global professional body promoting the highest standards of competency, ethics and regualtions.
What is the purpose of RICS
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
Powers available under RICS misconduct disciplinary
Fixed penalty Notice
Regulatory compliance order
CPD sanctions
Disciplinary panel
How does RICS ensure firms abide by rules of conduct
RICS undertakes audits
Firms provide information when registration and in annual returns
Why must a surveyor remain solvent
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
Asked to do something unethical
Speak to someone senior
Whistleblow if required
How would i manage a conflict of interest
Is it proceedable
Written advice to both parties including confirmation to continue
Conflict management - chinease wall
Types of conflict
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
Handling client money
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
Is it appropriate to recive a gift from a client
I would consult internal policies and RICS guidance
Depends on the level of gift
record of gift received
Bribery act 2010
RICS governance structure
Governing Council
Privy Council
Standards and Regulation Board
RICS board
5 principles of better regulation
Transparent
Proportional
Accountable
Consistent
targeted
How many years after instruction can a claim be made
15 years
Type of insurance cover after a firm ceases to trade
run off cover
RICS guidance on bribery
Professional Standard - Countering bribery and corruption, money laundering and terrorist financing, effective 1 September 2019
When did the current RICS rule of conduct put take effect
1st February 2022
How many rules of conduct are there
5
Who owns the copyright of a val report
The surveyor, the client is licensed to copy it
Legislation covering data
The data protection act 2018
RICS requirements for H and S
RICS Surveying Safely (2nd Edition) Guidance Note
employers duty under health and safety at work act 1974
To ensure health, safety and wellbeing of employees and other affected persons is not at risk, so far as is reasonably practicable
Asbestos leg
Control of Asbestos Regulations 2012,
RICS guidance note on asbestos
Guidance Note Asbestos: legal requirements and best practice for property professionals and clients UK 4th edition
what is leigionaires
Potentially fatal form of pneumonia caused by legionella bacteria dispersed into atmosphere
President of the RICS
Tina Paillet FRICS
RICS headquarters
12 Great George Street, London, SW1P 3AD
what are data ethics
covers the ethical and moral obligations of collecting, sharing, and using data, focused on ensuring that data is used fairly, for good.
unethical data
It’s illegal and unethical to acquire someone’s personal data without their consent and authorization
latest rics publication on sustainability
RICS sustainability report 2023
the RICS Sustainability Report provides a global benchmark for issues of climate, carbon and sustainability practice.
