RC. AML. Professional and Ethical

Question 1

What is the new RICS advice on Conflicts of Interest

Answer 1

Professional Statement on Conflicts of Interest 2017. 1st Jan 2017.

A member must not advise…where doing so would involve a CofI, or a significant risk of one, other than prior written informed consent.

Informed Consent - still has to be in the interest of the parties and not prohibited by law

Question 2

Three types of C of I

Answer 2

1. Party - related to two different parties.
2. Own Interest - yours/your firms
3. Confidentiality