RICS in General

Question 1

What is the role of 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.
Requires 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 RICS international headquarters located

Answer 3

12 Great George Street, Parliament Square, London

Question 4

What is the motto of RICS

Answer 4

Est Modus in Rebus - there is measure in all things

Question 5

What is Lionheart

Answer 5

• An independent charity run by RICS professionals, for RICS professionals
• Benevolent fund established 100 years ago
• Services range from financial support, health and wellbeing packages, professional counselling, legal advice, and help if a member or loved one become seriously ill.

Question 6

What is RICS Matrics

Answer 6

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

Question 7

What is the role of the Standards and Regulation Board

Answer 7

Exclusively responsible for strategy, policy, operational oversight of the standard, entry and admission to the profession, and regulatory functions of RICS

Question 8

What do the initials RICS stand for

Answer 8

Royal INSTITUTION of Chartered Surveyors

Question 9

Can you give me an overview of RICS governance structure

Answer 9

-The structure is shaped by the Royal Charter, Bye-Laws, and Regulations. It combines governance bodies, Executive teams, and presidential teams
- Privy Council sit at the top
- Governing Council sit below them
- Then there are the standards & regulation board, the management board, the audit board, nominations committee and presidential nominations committee that report in to the Governing Council
- Finance committee, Remuneration committee, and World Regional Boards and Market Advisory panels report in to the management board

Question 10

What is the role of the governing council

Answer 10

• The highest governing body, setting global strategy and ensures RICS fulfils its Royal Charter obligations
• Provides strategic oversight on requirements for entry into the profession, and setting and enforcement of professional standards

Question 11

Who is the RICS CEO and President

Answer 11

CEO - Richard Collins
President - Ann Gray