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Ethics > RICS, Members, History > Flashcards

RICS, Members, History Flashcards

1
Q

What does RICS stand for?

A

Royal Institution of Chartered Surveyors

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2
Q

What are the RICS Rules of Conduct for members and firms?

A

They are made by the RICS Regulatory board
There are 9 rules for members (January 2013)
There are 15 rules for firms (January 2012)

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3
Q

What is the RICS motto?

A

‘Est modus in rebus’ there is a measure in all things

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4
Q

What do RICS members / firms offer advice in?

A 
Offer advice in 
Property construction, 
Project management, 
Dispute resolution
Environmental issues
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5
Q

What are the benefits of the RICS?

A

Status – your professional credentials provide unrivalled client confidence.
Recognition – promotion of your professional excellence to governments and markets.
Market advantage – RICS status and standard gives you a competitive advantage.
Knowledge – International practice standards, professional guidance, CDP and knowledge sharing.
Network – Access to 118,000 professionals worldwide

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6
Q

Who is the President of RICS and how long are they in place?

A

Kathleen Fontana

1 year

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7
Q

What is the RICS Structure?

A

Privy Council - Royal Charter & Bye Laws
Governing Council - manage strategy of RICS
Regulatory Board -
Management Board - inform and oversee RICS surveyors and executive strategy set by Gov Council
Audit Commitee

Finance comittee
World regional boards
Remuneration comittee

Nominations comitee
Pres nom comittee

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8
Q

In case of a breach of a rule of conduct what is the procedure?

A

An investigation will be undertaken which could be followed by disciplinary action

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9
Q

What Laws and Regulations Govern the RICS?

A

RICS self regulated

Royal Charter
10 bye laws
Privy council / themselves

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10
Q

What is the RICS Matrics

A

RICS Matrics supports new members entering the profession

  • Networking and Social
  • For young surveyors in the industry
  • Less than 10 years’ experience post degree
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11
Q

What is the purpose of guidance notes?

A

Intended to promote best practice throughout the profession and ‘High Standard of Service’.

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12
Q

Why are the ethical standards important?

A

Create a clear and streamlined guide to members to ensure that clients and anyone else who deals with the RICS has confidence in the profession

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13
Q

What are ethics?

A

Integrity
Honesty
Trust

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14
Q

Where is the RICS head quarters?

A

12 Great George Street, London, SW1P 3AD

Westminster

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15
Q

What is lionheart?

Any events you’ve been aware of?

A
  • Provides support to past and present members and families who have fallen on hardtimes
  • Support for mental health
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16
Q

Apart from Quantity Surveying, name 5 other professional groups of RICS

A

Project Management, Building Surveying, Building Control, Commercial Property, Dispute Resolution, Environmental, Facilities Management, Geomatics, Valuation, Rural

17
Q

What are the requirements to become a fellow?

A

5 yrs experience
Managerial role
Significant contribution

18
Q

How would you become involved as a member?

A

Supervisor
Respond to surveys
Promote the RICS

19
Q

What is the RICS Foundation?

A

Research on construction and land

20
Q

What is a Royal Charter? When was it updated?

A

A document granted by Granted by Queen Victoria in 1881 which gives a royal status and for me it means i must “promote usefulness of the profession for public advantage”
Privity council controls it

Feb 2020 updated

21
Q

Why do some firms have to be regulated?

A

50% of principles are members

To provide clients with confidence and security by the RICS globally recognised standards

22
Q

What is Kathleen Fontana trying to achieve?

A

Driving 3 pillars of sustainability
Driving youth in the profession
Round table discussions with surveyors
Diversity

23
Q

How many professional groups?

A

18 - can become chartered in 3.

24
Q

What are the professional groups sectors?

A

Land
Built Environment
Disputes

25
Q

Can you tell me about recent publications you have read from the RICS?

A

Changes to PII wording
Low value adjudications (upto £50k)
EWS Process

26
Q

Tell me about recent modus magazines?

A

The benefits of employing an apprentice
Working from Home
Property market may not recover until 2025

27
Q

How do you become an assessor?

A

Min 2 years experience as MRICS

1 day training course

28
Q

What is the RICS vision?

A

Increase presence in key international market
Recognised as industry leader
Champion the profression

29
Q

What are the regulations set by the RICS?

A

Set out by the Privy Council and the bye laws

REGULATION 1 – DEFINITIONS
REGULATION 2 – MEMBERSHIP AND REGISTRATION
REGULATION 3 – DESIGNATIONS
REGULATION 4 – CONTRIBUTION TO FUNDS
REGULATION 5 – CONDUCT
REGULATION 6 – GOVERNING COUNCIL, OFFICERS AND STAFF
REGULATION 7 - SUBORDINATE BOARDS, COMMITTEES AND GROUPS
REGULATION 8 - PROCEDURE FOR GENERAL MEETINGS AND VOTING
REGULATION 9 – ACCOUNTS AND AUDIT
REGULATION 10 – GENERAL

Ethics (8 decks)

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