RICS GENERAL

Question 1

RICS President

Answer 1

Chris Brooke

Tenure ends 2019

Question 2

RICS President ELECT

Answer 2

Timothy Neal

Tenure ends 2019

Question 3

Purpose of RICS

Answer 3

Regulate and promote the surveying profession
Maintain the highest educational and professional standards
Protect clients and consumers via a strict code of ethics
Provide impartial advice and guidance
KITEMARK OF EXCELLENCE

Question 4

purpose of the Royal Charter

Answer 4

Allows a body to self regulate.
Written description of the RICS’ powers (e.g. self-regulation) and obligations (e.g. advancement of knowledge, appointment of a Governing Council etc.)
Requires the RICS to develop the profession for the public advantage
Allows members to use the term ‘chartered’ in their job title

Question 5

By-Laws

Answer 5

A list of laws applied internally using powers granted by the Royal Charter (aka the RICS’ constitution)

Question 6

Privy Council and the RICS

Answer 6

Privy Council - a body set up in the early days of the monarchy to advise the king/queen on matters of state and not put before parliament
Any changes to the bye-laws have to be approved by the UK Government, through the Privy Council, even if the changes have already been approved by a majority vote of RICS members

Question 7

RICS Governing Council

Answer 7

Manages the Royal Charter Obligations, setting direction and strategy
Establishes the Regulatory Board, Management Board and other committees (e.g. Audit Committee)

Question 8

Regional Boards

Answer 8

Nine regional boards:

East Midlands
East of England
London
North East
North West
South East
South West
West Midlands
Yorkshire and the Humber

Question 9

professional groups within the RICS

Answer 9

Three sectors contain different RICS professional groups:

Land (e.g. environment, minerals and waste, planning and development etc.)
Property (e.g. valuation, facilities management, residential property etc.)
Construction (e.g. building surveying, building control, project management, quantity surveying etc.)

Question 10

RICS Chief Executive Officer

Answer 10

Dr Sean Tompkins

Question 11

Rics President elect 2020

Answer 11

Clement Lau

Question 12

Five principles of better regulation

Answer 12

• Proportionality.
• Accountability.
• Consistency.
• Targeting.
• Transparency

Question 13

Rules for members

Answer 13

Part I – General:
1. Interpretation
2. Communication
Part II – Personal & Professional Standards
3. Ethical behaviour - acting with integrity and avoiding conflicts of interest.
4. Competence - work with due skill, care, due diligence and with proper regard for technical standards expected.
5. Service - work in a timely manner with proper regard for standards of service and customer care expected.
6. CPD - comply with RICS requirements for continuing Professional Development.
7. Solvency - ensure that professional and personal finances are managed appropriately.
8. Information - submit in a timely manner such information reasonably required by the Regulatory Body.
9. Cooperation - fully cooperate with RICS staff and any person appointed by the Regulatory Board.

Question 14

Rules for firms

Answer 14

Part I – General
1. Interpretation
2. Communication
Part II - Conduct of Business
3. Professional behaviour - acting with integrity and avoiding conflicts of interest.
4. Competence - work with due skill, care, due diligence and with proper regard for technical standards expected.
5. Service - work with expedition with proper regard for standards of service and customer care expected.
6. CPD - comply with RICS requirements for continuing Professional Development.
7. Complaints handling - operate a complaint handling procedure, to include an alternative dispute resolution mechanism approved by the Regulatory Board and maintain a complaints log.
8. Clients’ money - preserve the security of clients’ money entrusted to its care in the course of its business.
9. Professional Indemnity insurance - ensure all previous and current work is covered by adequate insurance.
Part III – Firm Administration
10. Solvency - ensure that its finances are managed appropriately.
11. Information - submit in a timely manner such information reasonably required by the Regulatory Body.
12. Cooperation - fully comply with RICS staff and any person appointed by the Regulatory Board.
13. Advertising - promote professional services in a truthful and responsible manner.
14. Arrangements - to cover incapacity/death of a sole practitioner.
15. Use of designations - display on its business literature a designation to denote that it is regulated by the RICS.

Question 15

Key differences between rules for members and rules for firms

Answer 15

7. Complaints handling - operate a complaint handling procedure, to include an alternative dispute resolution mechanism approved by the Regulatory Board and maintain a complaints log.
8. Clients’ money - preserve the security of clients’ money entrusted to its care in the course of its business.
9. Professional Indemnity insurance - ensure all previous and current work is covered by adequate insurance.
10. Advertising - promote professional services in a truthful and responsible manner.
11. Arrangements - to cover incapacity/death of a sole practitioner.
12. Use of designations - display on its business literature a designation to denote that it is regulated by the RICS