RICS

Question 1

What is the origin year of RICS?

Answer 1

RICS can be traced back to 1792 as the Surveyors Club.

Question 2

When was RICS founded?

Answer 2

RICS was founded on 15th June 1868 as the Institution of Surveyors.

Question 3

Who was the President when RICS was founded?

Answer 3

The President at the time was John Clutton.

Question 4

Where are the RICS headquarters located?

Answer 4

Occupied offices are on the corner of 12 Great George Street (Parliament Square) and still are as till date as HQ’s.

Question 5

When did RICS receive its Royal Charter?

Answer 5

RICS received its Royal Charter on 26 August 1881 as the Surveyors Institution.

Question 6

What was the name change of RICS in 1930?

Answer 6

In 1930, it changed its name to Chartered Surveyors Institution.

Question 7

What title did King George IV grant RICS in 1946?

Answer 7

In 1946, King George IV granted the title ‘Royal’.

Question 8

What is the full name of RICS after 1947?

Answer 8

In 1947, the professional body became the Royal Institution of Chartered Surveyors.

Question 9

How is RICS incorporated?

Answer 9

RICS is incorporated by the Royal Charter – issued by the Monarchy on advice of the privy council.

Question 10

What are the objectives of RICS?

Answer 10

The objectives are to promote the usefulness of the profession for the advantage of the UK and in other parts of the world.

Question 11

What governs RICS?

Answer 11

The institution is governed by its byelaws which allows for self-regulation.

Question 12

What is required for changes to the byelaws?

Answer 12

Any changes to the byelaws need to be ratified through the Privy Council.

Question 13

When did members vote for changes to the RICS charter and byelaws?

Answer 13

On November 2018, members voted in favour of a series of changes.

Question 14

When was the ratification by the Privy Council for the changes?

Answer 14

Ratification by the Privy Council was on the 13th Day of March 2019.

Question 15

What was updated in February 2020?

Answer 15

The changes to the RICS charter and byelaws were updated in February 2020.

Question 16

What is the role of the Governing Council?

Answer 16

The Governing Council is the top decision-making body that sets strategic direction and monitors performance.

Question 17

Who is the interim chair of the Governing Council?

Answer 17

The interim chair of the Governing Council is Chris Brooke FRICS.

Question 18

Who was the RICS President in 2020?

Answer 18

The RICS President in 2020 was Kathleen Fontana.

Question 19

What is the total number of seats in the Governing Council?

Answer 19

The total number of seats in the Governing Council is 25.

Question 20

What is the vision of the Governing Council?

Answer 20

The vision is to create confidence in markets and effect positive change in the built and natural environments.

Question 21

What does the Management Board do?

Answer 21

The Management Board advises on and implements strategy and prepares the business plan.

Question 22

Who is the chair of the Management Board?

Answer 22

The chair of the Management Board is Paul Marcuse.

Question 23

What are the long-term strategic goals of RICS?

Answer 23

The goals include being an influential thought leader, trusted by stakeholders, and ensuring RICS qualifications remain in demand.

Question 24

What does the Standards and Regulation Board do?

Answer 24

The Standards and Regulation Board approves and sets regulatory policy and ensures a fair regulatory process.

Question 25

What does the Audit Committee monitor?

Answer 25

The Audit Committee monitors the integrity and effectiveness of financial reporting and risk management.

Question 26

What is the role of Matrics?

Answer 26

Matrics supports new members entering the profession and includes all student members.

Question 27

What does Lion Heart provide?

Answer 27

Lion Heart offers confidential advice, information, and support to past/present members in difficulty.

Question 28

What is the main role of RICS?

Answer 28

The main role is to advance the highest ethical and technical standards for professionals in land, property, and the built environment.

Question 29

What is the significance of RICS credentials?

Answer 29

RICS credentials are well respected and provide a competitive advantage in the market.