RICS Flashcards

General RICS

1
Q

Role of RICS

A

Advancing ethical and technical standards for professionals in built environment.

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2
Q

What is the Royal Charter?

A

Awarded 1881. Requires promotion of profession for advantage of UK and global public.

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3
Q

RICS Headquarters?

A

12 Great George Street, Parliament Square, London

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4
Q

RICS Motto

A

Est Modus in Rebus = There is Measure in All Things

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5
Q

What is Lionheart?

A

Independent charity run by RICS professionals, for RICS pros.

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6
Q

Why do you want to be MRICS?

A

Global recognition, elite professional status, and promote best practice.

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7
Q

RICS Matrics?

A

Supports new members to grow the profession.

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8
Q

Standards and Regulation Board?

A

Exercises RICS regulation. Oversees professional standards.

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9
Q

RICS Governance Structure?

A

Under Privy Council, Governing Council, SRB = RICS Board. Under this sits Audit, Remuneration and world boards.

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10
Q

Levitt Review

A

Alison Levitt QC conducted an independent review into historic treasury matters.

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11
Q

Levitt Review Objectives

A

Determine whether there were any shortcomings and failure of governance, with recommendations.

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12
Q

Levitt Review Conclusions.

A

Governance principles not followed by RICS. Wrong dismissal of Non-Exec Board members. Lack of clarity around roles of RICS boards.

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13
Q

Bichard Review

A

Dec 2021 - follows recommendation of Levitt Review to examine governance and strategy.

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14
Q

Lord Bichard Remit

A

Aimed to clarify RICS purpose and governance.

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15
Q

Bichard Review Recommendations

A

Increased focus on public interest. Maintain self regulation. Diversity & Inclusion.

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16
Q

Who is RICS CEO?

A

Justin Young

17
Q

Who is RICS President?

A

Tina Paillet

18
Q

What is the RICS red book?

A

RICS black book, but for valuation.

19
Q

What is the RICS black book?

A

Best practice documents and guidance from RICS. It is a professional standard.

20
Q

What are two documents that recently became Professional standards?

A

Surveying Safely.
Complaints Handling.

21
Q

Name some examples of RICS Byelaws?

A

There are 10 byelaws:
1 General
2 Designations
3 Conduct
4 Application and definitions.
5 Membership and registration.
6 Contributions to funds.
7 Governing council, officers and staff.
8 Subordinate boards, committees and groups.
9 Procedure for general meetings.
10 Accounts and audit.

22
Q

Incoming RICS president?

A

Justin Sullivan