Property management

Question 1

What does RICS stand for?

Answer 1

Royal Institution of Chartered Surveyors

Question 2

True or False: RICS provides guidelines for ethical property management.

Answer 2

True

Question 3

Fill in the blank: RICS emphasizes the importance of __________ in property management.

Answer 3

sustainability

Question 4

What is one key responsibility of property managers according to RICS?

Answer 4

Ensuring compliance with legal and regulatory requirements

Question 5

Multiple Choice: Which of the following is a principle outlined by RICS for property management? A) Maximizing profit at all costs B) Ethical management practices C) Ignoring tenant needs

Answer 5

B) Ethical management practices

Question 6

What is the service charge residential management code?

Answer 6

The Service Charge Residential Management Code is a key document published by RICS that sets out best practice for managing residential leasehold properties in the UK.