RICS General

Question 1

What is the role of the RICS?

Answer 1

Professional organisation that:
- Advances ethical and technical standards for construction professionals.
- enforces standards to benefit consumers.
- provide expert advice to governments, businesses and the public.
- equip members with advice and training.
- promote RICS status and standards.

Question 2

Who is the current CEO?

Answer 2

Richard Collins from 2021

Question 3

What is the Royal Charter?

Answer 3

It’s been granted powers or rights by the monarch.
Awarded by Queen Victoria (1881).
RC requires RICS to promote the usefulness of the profession for the advantage of the UK public.

Question 4

Where are RICS headquarters?

Answer 4

Parliament Square, London.

Question 5

What is the Lionheart?

Answer 5

• independent charity ran by RICS, for RICS professionals.
• established over 100 years ago.
• provide financial support, health and wellbeing packages, free professional counselling, work related support and legal advice.

Question 6

Why do I want to be Chartered Surveyor?

Answer 6

• global recognition and I can be part of an international professional community.
• get elite professional status and support.
• part of promoting best practice in the profession.

Question 7

What is the RICS matrics?

Answer 7

Support members entering the profession and RICS to shape the future of surveying.

Question 8

What is the role of the Standards and Regulation Board?

Answer 8

• responsible for regulatory functions, strategy, governance, structure, policy and operational oversight.
• oversight of professional standards: admissions, education, disputes…
• board is independently led and also compromises of non-member.

Question 9

Overview of the RICS governance structure?

Answer 9

The governing body is the Governing Council. RICS board and Standards and regulation Boards both report it the governing body.

Question 10

Why was the Levitt review commissioned?

Answer 10

• commissioned due to a need to extend the overdraft facilities by £3m.
• cause of overdraft extension was inaccurate cashflow forecasting.
• the report was commissioned following a Treasury management audit.

Question 11

What were the objectives of the Levitt Report?

Answer 11

• determine if there were any shortcomings.
• any failure in governance.
• make future recommendations

Question 12

Conclusions of Levitt Report?

Answer 12

• governance not sound.
• non-exc board members were wrongly dismissed.
• lack of clarity across senior roles.

Question 13

What is the Bichard Review and why was it commissioned?

Answer 13

Commissioned in 2021 after Levitt Report recommended governance external review.

Question 14

What was lord Bichard’s remit?

Answer 14

• clarifying the purpose of RICS.
• governance structure proposals.
• leadership proposals.