RICS Compliance Flashcards
1
Q
How should you inform the RICS?
A
Complete a Firm Details form
2
Q
What do you need to register for via the RICS?
A
Regulation of the firm by the Regulatory Board
3
Q
What insurance needs to be arranged?
A
PII - copy to RICS
4
Q
What needs to be in place regarding client monies?
A
Procedures for Members Account Regulations
5
Q
What needs to be done if undertaking Red Book valuations?
A
Register with the Valuer Registration Scheme
6
Q
What needs to be done in relation to complaints handling procedures?
A
Obtain RICS approval and set up a complaints log.
Appoint a Complaints Handling Officer
7
Q
What should be obtained from the RICS to ensure compliance with the designation ‘Regulated by the RICS’
A
A logo kit for practice material
