RICS Rules of Conduct Flashcards
When were the updated rules of conduct published?
October 2021
Who do the rules of conduct apply to?
To all members and firms regulated by the RICS
What are 3 of the 5 Rules of Conduct
Rule 1 - Members and firms must be honest, act with integrity and comply with their professional obligations, including obligations to RICS.
Rule 2 - Members and firms must maintain their professional competence and ensure that services are provided by competent individuals who have the necessary expertise.
Rule 3 - Members and firms must provide good-quality and diligent service.
Rule 4 - Members and firms must treat others with respect and encourage diversity and inclusion.
Rule 5 - Members and firms must act in the public interest, take responsibility for their actions and act to prevent harm and maintain public confidence in the profession.
Can you give me an example of how they have applied to yourself in a working capacity (3 of the 5 rules)
Rule 1 - Turning down a dinner at a nice restaurant in Mayfair during final account discussions
Rule 2 - Updating my CPD hours accordingly
Rule 3 - Understanding the scope of service before I begin working on a project/for a client
Rule 4 - Reporting any modern slavery that may be suspected
Rule 5 -
Can you list the obligations for members in Appendix A of rules of conduct?
Must comply with CPD requirements
Must cooperate with RICS
Provide all information reasonably requested by the standards and regulation board
Can you list the obligations for firms in Appendix A of rules of conduct?
Firms must public a complaints handling procedure, which includes an ADR provider approved by the RICS
Must ensure that all previous and current work is covered under adequate and appropriate PI cover
Must cooperate with RICS
Must provide all information requested by the standards and regulation board
Must display on their business literature that they are regulated by RICS
