RICS Flashcards
What are the objectives of the RICS?
“To secure the advancement and facilitate the acquisition of that knowledge which constitutes the profession of a surveyor
Maintain and promote the usefulness of the profession for the public advantage in the United Kingdom and in any other part of the world”
What are the purposes of the RICS?
Advancing and facilitating access to surveying knowledge
Supporting and engaging with a body of skilled professionals and firms
Promoting the usefulness of the profession
Regulating the profession and setting the highest standards
What are the RICS Rules for Members & Firms?
Honesty, Integrity and comply with professional obligations (including those to the RICS)
Maintain competence, ensure services are provided by competent individuals with necessary expertise
Good quality and diligent service.
Treat others with respect, and promote diversity & inclusion
Act in the public interest, take responsibility and act to prevent harm and maintain public trust.
Please provide an example of “Honesty, Integrity and comply with professional obligations (including those to the RICS)”
Do not allow self to be influenced improperly (declining offer of wine)
Open & transparent about fees (fee trackers for all projects)
Do not mislead others
Identify conflicts of interest (PROFESSIONAL STATEMENT)
Please provide an example of “Maintain competence, ensure services are provided by competent individuals with necessary expertise”
Look to target areas of weakness with targeted CPD, DHLU to keep up to date.
Ensure necessary competence
Competence of consultants & contractors.
Please provide an example of “Good quality and diligent service.”
Understand needs & services before undertaking (DEVELOP DETAILED CLIENT BRIEFS)
Seek agreement where fees have changed (received instruction to proceed, however consultants fee had varied, seek further approval from client)
Please provide an example of “Treat others with respect, and promote diversity & inclusion .”
Treat other with courtesy, do not discriminate.
Work cooperative
Develop an inclusive environment.
Please provide an example of “Act in the public interest, take responsibility and act to prevent harm and maintain public trust..”
CONSIDER PUBLIC FACING ROLES
Call out questionable practices
Do not discourage others from making reports or complaints.
What are members obligations to the RICS?
MUST comply with CPD Obligations
MUST cooperate with RICS
MUST promptly provide information reasonably requested by Standards and Regulations Board (or those acting on it’s behalf)
What are Firms obligations to the RICS
- Public Complaints Handling Procedure
- Previous and current work covered by adequate PI cover
- Sole principal must make arrangements for work to continue in event of death, abesne, or other inability to work.
- Must cooperate with RICS
- Promptly provide all information requested by Standards / Regulations Board
- Must displated designations on business literature (RICS Regulated)
- Must Report any matters due to report to RICS under Rules for the Registration of Firms.
What are the rules for RICS Registration of Firms?
- Required to register is 50% of principals are members (25% for eligibility)
- Terms for registration (Make application for registration)
- Designate Responsible Principal to take all reasonable steps to ensure firm complies with standards & obligations.
- Must pay appropriate annual fees
What is the RICS Disciplinary Procedure?
Fixed Penalty Notice for (Caution First Breach, Caution & Fine second in 10 years):
Breach of CPD Requirement
Failure to provide information to RICS
Failure to Pay fees (firms)
Regulatory Compliance Order (fine of up to £2k/breach:
Agreement between RICS and Member/Firm that they are liable for disciplinary action
Member accepts fallen short, accepts proposed sanction, accepts steps to be taken.
Can you name RICS Standards Relevant to your area of Practice?
Professional Statement
- Home Survey Standard
- Conflicts of Interest
- Countering bribery and corruption, money laundering and terrorist financing
- Handling Client Monday
Guidance Note
- RICS Surveying Safely
- Asbestos: Legal Requirement & Best Practice
- Design & Specification
- Dilpidations
- Technical Due Diligence
- Party Wall Legilation and Procedure
