RICS In General

Question 1

What is the role of the RICS?

Answer 1

• Highest technical and ethical standards for professionals in land, property, and built environment
• Benefit consumers by enforcing standards and codes of best practice
• Provide impartial advice to governments, businesses, and the public
• Equip members with leading advice, training, and market insights
• Promote the RICS status and standards

Question 2

What is the Royal Charter?

Answer 2

• Awarded by Queen Victoria in 1881 for the usefulness of the profession to the public in the UK and globally

Question 3

Where is the RICS HQ located?

Answer 3

12 Great George Street, Parliament Square, London

Question 4

What is the motto of the RICS?

Answer 4

‘Est modus in robus’ - There is measure in all things

Question 5

What is Lionheart?

Answer 5

• Independent Charity run by RICS Members
• Benevolent fund to provide aid ranging from financial support, health and wellbeing, counseling, work-related support, and legal advice to members and their loved ones should they become ill

Question 6

Why do you want to become a Chartered Surveyor?

Answer 6

• Become part of the largest professional property institution
• Elite status, guidance, information, and support
• Promote best practices in the profession

Question 7

What is RICS Matrics?

Answer 7

Support new members entering the profession, work to shape the future of surveying, and grow the respect of the profession

Question 8

What is the Role of the Standards and Regulations Board?

Answer 8

• Responsible for the strategy, policy, and operational oversight of the standards of entry, admission to the profession, and regulatory function of RICS

Question 9

Can you give an overview of RICS’ governance structure?

Answer 9

Corporate governance structure is shaped by the Royal Charter, Bye-Laws, and Regulation, the structure combines governance bodies, Executive and Presidential Teams.

1. Privvy Council
2. Governing Council
3. Regulatory Tribunal, Standards and Regulations Board, Management Board, Audit Committee, Nominations Committee, Presidential Nominations Committee
4. Finance Committee, World Regional Boards and Marked Advisory Panels, Remuneration Committee

Question 10

What is the Role of the Governing Council?

Answer 10

• Highest governing body, that sets global strategy and ensures RICS fulfills its Royal Charter obligations.
• Provide strategic oversight on requirements for entry to the profession, and setting and enforcing professional standards