Must to Know

Question 1

What are the three most common breaches of the Rules of Conduct?

Answer 1

Rule 3: Breaches of professional behaviour

Rule 6: CPD

Rule 8: Protecting clients money

Question 2

What actions can the RICS head of regulation take?

Answer 2

Formal investigation

Possible actions:

Fixed Penalty Notice (supply of info to RICS)

Consent Order (Minor breaches)
- states terms member/firm must take in a specified time period.
- up to £2000 fine

Refer matter to Disciplinary Panel

Question 3

What RICS Professional Statements are you aware of?

Answer 3

1) Conflicts of Interest, Global 1st Edition, March 2017
2) RICS Valuation - Global Standards, Effective from 31 January 2022
3) RICS professional standards and guidance, global. Countering bribery and corruption, money laundering and terrorist financing 1st Edition, February 2019.

Question 4

What Professional Guidance are you aware of ?

Answer 4

1) RICS professional standards and guidance, global , Valuation of Development property. 1st Edition, October 2019
2) Technical due diligence of the commercial property, 1st edition, January 2020
3) Surveying safely, Health and Safety Principles November 2018
4) Risk , liabiltily and insurance