Rules for the Registration of Firms

Question 1

Are you aware of any rules associated with registering a firm with RICS

Answer 1

Rules for the registration of firms

Question 2

When is a firm required to register for regulation

Answer 2

• Firms provides surveying services to public
• Operating in Regulated Area A (UK)
• At least 50% are RICS members

Question 3

In which circumstances are firms eligible to register for regulation

Answer 3

• Firm provides surveying services to public
• At least 25% are RICS members
• Head of Regulation is satisfied that the firm is implementing an appropriate plan to secure compliance with the 25% in reasonable time or
• HoR satisfied that the firm is supported and supervised by another RICS firm until they fulfill requirements

Question 4

What is a Locum

Answer 4

• Firm with sole principal must have appropriate arrangements in event of that persons death, incapacity or other absence
• Effectively another prossional who is appointed to stand in

Question 5

Who can be a Locum

Answer 5

Typically another charted surveyor or trustworthy proffesional

Question 6

How does PII cover relate to locums

Answer 6

Need to be covered - could be their own cover or firms PII cover