RICS Registration

Question 1

What are the three benefits of regulation for firms?

Answer 1

CPS
1. Confidence
2. Professionalism
3. Security

Question 2

How frequently must firms make a return to the RICS confirming their compliance with their obligations?

Answer 2

Annually

Question 3

Which practices can request RICS registration?

Answer 3

1. Corporate body
2. A partnership
3. An LLP
4. A sole practitioner

Question 4

What are the rules for regulation (2022)?

Answer 4

1. If 50% of Principals of a UK firm which provides surveying services are RICS members then it has to be regulated, and if at least 25% then it can apply to be regulated
2. Principals are sole practitioners, directors, partners or board members
3. Each firm must nominate a Responsible Principal
4. Only RICS members and registered firms can use the logo