RICS

Question 1

Role of RICS

Answer 1

Advancing ethical and technical standards for professionals in built environment.

Question 2

What is the Royal Charter?

Answer 2

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

Question 3

RICS Headquarters?

Answer 3

12 Great George Street, Parliament Square, London

Question 4

RICS Motto

Answer 4

Est Modus in Rebus = There is Measure in All Things

Question 5

What is Lionheart?

Answer 5

Independent charity run by RICS professionals, for RICS pros.

Question 6

Why do you want to be MRICS?

Answer 6

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

Question 7

RICS Matrics?

Answer 7

Supports new members to grow the profession.

Question 8

Standards and Regulation Board?

Answer 8

Exercises RICS regulation. Oversees professional standards.

Question 9

RICS Governance Structure?

Answer 9

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

Question 10

Levitt Review

Answer 10

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

Question 11

Levitt Review Objectives

Answer 11

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

Question 12

Levitt Review Conclusions.

Answer 12

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

Question 13

Bichard Review

Answer 13

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

Question 14

Lord Bichard Remit

Answer 14

Aimed to clarify RICS purpose and governance.

Question 15

Bichard Review Recommendations

Answer 15

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

Question 16

Who is RICS CEO?

Answer 16

Justin Young

Question 17

Who is RICS President?

Answer 17

Justin Sullivan

Question 18

What is the RICS red book?

Answer 18

RICS black book, but for valuation.

Question 19

What is the RICS black book?

Answer 19

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

Question 20

What are two documents that recently became Professional standards?

Answer 20

Surveying Safely.
Complaints Handling.

Question 21

Name some examples of RICS Byelaws?

Answer 21

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.

Question 22

Incoming RICS president?

Answer 22

Nicholas Maclean