RICS Flashcards
- What does the RICS stand for?
Royal Institution of Chartered Surveyors
- What is the purpose of the RICS?
Professional body that establishes and enforces standards for the built environments
- When was it founded?
1868
- When was it chartered?
1881
- How many members do the RICS have?
130,000+
- What is the RICS motto?
‘There is measure in all things’
- Who is the president?
Tina Paillet FRICS
- Who is the President Elect?
Justin Sullivan FRICS
- Who is the CEO?
Justin Young
- What are the levels of membership?
FRICS, MRICS, AssocRICS, Trainee/Student
- How is RICS governed?
Under the terms of the Royal Charter, and various internal councils
- What is the governance structure?
1) Privy Council
2) Governing Council (20+ members) – Justin Hardman now member
3) Standards and Regulation Board and Management Board
4) 17 specialist professional groups – outline standards of competence and practice
- What are the FRICS requirements?
1) 5 or more years at MRICS
2) Leadership role
3) Academic or professional achievement
4) Raise the profile of RICS
- What is the role of the RICS?
1) R - Regulation - Protect consumers through strict regulation of professional standards
2) A - Advice - Leading source of information and independent advice
3) T - Training - Maintain the highest standards of education and training
- What is the Levitt Review 2021?
It challenged the RICS on its governance failings, such as their lack of clarity roles of Boards responsibilities and structure