RICS Material & Legislation

Question 1

What is the RICS material on valuation?

Answer 1

RICS Valuation - Global Standards 2021 (“Red Book Global”)

Question 2

What is the RICS material on valuation of development property?

Answer 2

RICS Guidance Note ‘Valuation of Development Property’ 1st Edition 2019

Question 3

RICS material on COI?

Answer 3

RICS Global Professional Statement on Conflict of Interest, 2017

Question 4

What RICS material banned dual agency?

Answer 4

RICS Professional Statement: Conflict of Interest - UK Commercial Property Market Investment Agency, 2017

Effective 1st January 2018

Question 5

RICS material on complaints?

Answer 5

RICS Guidance Note on Complaints Handling, 2018

Question 6

RICS material on PII?

Answer 6

RICS “Professional Indemnity Insurance Requirements” Version 7.

Question 7

Legislation on limitation of negligence?

Answer 7

Limitation Act 1980

6 years for contract
6 years for tort

Question 8

RICS material on handling client money?

Answer 8

RICS Professional Statement ‘Client Money Handling’ 1st Edition 2019

Effective January 2020

Question 9

What can the RICS do for clients if a RICS regulated firm cannot pay the money back?

Answer 9

RICS Clients’ Money Protection Scheme

Question 10

Key legislation on bribery and corruption?

Answer 10

Bribery Act 2010

Proceeds of Crime Act 2002

Question 11

Regulations on bribery and corruption?

Answer 11

Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017 (amended 2019)

Question 12

RICS material on bribery and corruption?

Answer 12

RICS Professional Statement - Countering bribery, corruption, money laundering and terrorist financing, 2019

Question 13

Key RICS H&S material?

Answer 13

RICS Guidance Note ‘Surveying Safely’ - Health and safety principles for property professionals’, 2nd edition, 2018

Effective February 2019

Question 14

Key H&S legislation?

Answer 14

Health & Safety at Work 1974

Question 15

Update to H&S at Work Act in 1995?

Answer 15

Reporting of Injuries, Diseases and Dangerous Occurences Regulations 1995 (RIDDOR)

Question 16

Update to H&S at Work Act in 1999?

Answer 16

Requirement to complete a risk assessment

Question 17

Act regulating the liability of occupiers and others for injuries caused to lawful visitors?

Answer 17

Occupiers’ Liability Act 1957

Question 18

Act imposing an obligation on the landlord to ensure that the premises comply with its obligations as a landlord?

Answer 18

Defective Premises Act 1972

Question 19

Asbestos regulations?

Answer 19

The Control of Asbestos Regulations 2012

Question 20

RICS material on asbestos?

Answer 20

RICS Guidance Note, “Absestos: Legal Requirements and Best Practice for Property Professionals” 4th Edition 2021

Question 21

Regulations aiming to improve the management and co-ordination of H&S at all stages of a construction project?

Answer 21

Construction (Design & Managment) (CDM) Regulations, 2015

Question 22

Data protection and information regulations?

Answer 22

• UK General Data Protection Regulation
• Data Protection Act 2018
• Freedom of Information Act 2000

Question 23

Legislation on discrimination?

Answer 23

Equality Act 2010

Question 24

Legislation on sustainability?

Answer 24

Climate Change Act 2008 (amended 2019)

Question 25

Legislation enforcing energy efficiency?

Answer 25

Minimum Energy Efficiency Standards, 2015 (MEES)

Question 26

RICS material on contamination?

Answer 26

RICS Guidance Note 'Contamination, the Environment and Sustainability, 2010 3rd Edition

Question 27

RICS material on Japanese knotweed?

Answer 27

RICS Guidance: RICS Information Paper on Japanese Knotweed and Residential Property, March 2022

Question 28

RICS material on measurement?

Answer 28

RICS Professional Statement: RICS Property Measurment (2nd Edition) January 2018 RICS Code of Measuring Practice, 2015

Question 29

RICS material on the comparative method?

Answer 29

RICS Guidance Note 'Comparable Evidence in Real Estate Valuation', 1st edition, 2019

Question 30

RICS material for UK valuation?

Answer 30

RICS Valuation - Global Standards (UK National Supplement, 2018)

Question 30

RICS material for UK valuation?

Answer 30

RICS Valuation - Global Standards (UK National Supplement, 2018)

Question 31

Legislation on landlords dealing with consents?

Answer 31

Landlord & Tenant Act 1988

Question 32

Legislation on covenants (intro'd AGAs)

Answer 32

Landlord & Tenant (Covenants) Act 1995

Question 33

Main RICS material on leasing?

Answer 33

RICS Professional Statement Code for Leasing Business Premises, 2020

Question 34

RICS material on alterations?

Answer 34

RICS License for Alterations Guidance Note, 2013

Question 35

RICS material on estate agency?

Answer 35

RiCS UK Commercial Estate Agency Professional Statement 2016

Question 36

Key legislation on estate agency?

Answer 36

Estate Agents Act 1979 Consumer Protection from Unfair Trade Regulations 2008 Misrepresentation Act 1967

Question 37

Legislation on signage?

Answer 37

Town and Country Planning (Control of Advertisement) Regulations 2007

Question 38

Legislation on land registry?

Answer 38

Land Registration Act 2002