RICS General

Question 1

What is the role of the RICS?

Answer 1

-Advancing the highest ethical and technical standards for professionals in land, property and the built
environment.
-Protecting and providing benefits to consumers by enforcing standards and codes of best practice.
Providing expert impartial advice to governments, business and the public.
-Equipping RICS members with leading edge advice, market insight and professional training.
-Promoting RICS status and standards in key worldwide markets as the mark of property
professionalism.

Question 2

What is the Royal charter?

Answer 2

-Awarded in 1881 by Queen Victoria,
-The Royal Charter required the RICS to promote the usefulness of the profession for the advantage of the UK Public and in other parts of the world.

Question 3

Where are the RICS international headquarters located?

Answer 3

12 Great George Street, Parliament Square, London

Question 4

What is the Motto of the RICS?

Answer 4

“Est modus in rebus” - There is measure in all things

Question 5

What is Lion heart?

Answer 5

-Lionheart is an independent charity run by RICS professionals, for RICS professionals.
Benevolent fund established over 100 years ago.
-The services include a range from financial support, health and wellbeing packages, free professional
counselling, work-related support and legal advice, and help if a member or loved one become
seriously ill.

Question 6

Why do you want to be a chartered surveyor

Answer 6

• RICS is the largest internation property institution in the world, by joining i will get global recognition and will become part of an internation professional community.
  -I will get elite professional status, guidance, information and support.
• I will be part of promoting the best practices in the profession

Question 7

What is RICS matrics

Answer 7

RICS matrics supports new members entering the profession, as well as working with the RICS to shape the future of surveying and grow the size and respect of the profession across industries globally.

Question 8

What is the role of the standards and regulation board?

Answer 8

The standards and regulation board has exclusive responsibility for strategy, policy and operational oversight for the standards, entry and admission to the profession ( through RICS’ education and qualifications standards), and regulatory functions of RICS.

Question 9

Can you give me a overview of the RICS Governance structure?

Answer 9

The corporate governance structure is shaped by the Royal Charter, Bye-Laws and Regulation. RICS’
governance structure combines governance bodies, as well as the Executive Team and Presidential Team.

Question 10

What is the role of the Governing council?

Answer 10

-The Governing Council is the highest body, setting global strategy and ensuring RICS fulfills its Royal Charter obligations.
-It provides strategic oversight on requirements for entry into the profession, and the setting and enforcement of professional standards.

Question 11

Can you explain your understanding why the Levitt review was commissioned?

Answer 11

Alison Levitt QC was commissioned to conduct and independent review into historic treasury management matters and subsequent actions at the RICS.

Question 12

What were the key objectives of the Levitt review?

Answer 12

-To consider the way in which the internal report was commissioned and dealt with and to determine whether there were any shortcomings.
-To consider whether any shortcomings represented a failure in governance.
-To make recommendations for the future.

Question 13

What were the Key conclusions of the Levitt Review?

Answer 13

• Sound governance principles were not followed by RICS,
• The review found that the non-executive board members’ concerns were legitimate and that they were wrongly dismissed from their roles.
• A lack of clarity around the roles and responsibilities of the various RICS boards, senior leadership and management.

Question 14

What is the Bichard RICS review and why was it commissioned?

Answer 14

-The Bichard RICS review was commissioned by the Governing Council in December 2021, Following a recommendation in the Levitt Review that a “wide-ranging examination of purpose, governance and strategy” should be conducted by an external reviewer, replacing ‘defining our future’.

Question 15

What was Lord Bichards remit?

Answer 15

The Review aimed to clarify the purpose of RICS, make proposals on its governing structure, and make proposals for the incoming leadership and governing body on the future culture and strategy of the institution.

Question 16

What were Bichards’ recommendations

Answer 16

• A renewed and increased focus on the public interest of RICS, including amending the Royal Charter and creating a public interest panel to advise governing council.
  -Maintaining self-regulation, through greater independence for regulatory functions.
  -Increased focus on diversity and inclusion across the profession and within RICS governance.
  -Empowering and enabling members through greater support fro regional boards, alongside increased member engagement, with renewed focus on younger members.
  -Undertaking an independent review of RICS’ governance and effectiveness at delivering against its charter for the public advantage once every five years.
• A new simplified, clear, accountable governance structure.
• Showing greater leadership on the issues that matter most to society, such as sustainability and climate change,