Rules Of Conduct For Members Flashcards
When are the rules effective from?
2nd February 2022
What is the first Rule for Members and Firms of the RICS?
Members and Firms must be honest, act with integrity and comply with their professional obligations, including obligations to the RICS.
What is the second rule for Members and Firms of the RICS?
Members and firms must maintain their professional competence and ensure that services are provided by competent individuals who have the necessary expertise.
What is the third rule for members and firms of the RICS?
Members and firms must provide good, quality and diligent service.
What is the fourth rule for Members and Firms of the RICS?
Members and firms must treat others with respect and encourage diversity and inclusion.
What is the fifth rule for members and firms of the RICS?
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.
Where are additional professional obligations found?
Additional professional obligations are found in the mandatory requirements of RICS professional statements relevant to a member or firms practice.
Name three mandatory professional obligations for members of the RICS.
- Members must comply with the CPD requirements set by the RICS.
- Members must properly provide all information reasonably requested by the Standards and Regulation Board or those exercising delegated authority on behalf of it.
- Members must cooperate with the RICS
Name three mandatory obligations for RICS Regulated Firms
Any of the below:
- Firms must publish a complaints handling procedure which includes an alternative dispute resolution provider approved by RICS and maintain a complaints log.
- Firms must ensure that all previous and current professional work is covered by adequate and appropriate professional indemnity cover the standard approved by the RICS.
- Firms with a sole principal must make appropriate arrangements for their professional work to continue in the event of their incapacity, death,absence from or inability to work.
- Firms must cooperate with the RSES.
- Firms must promptly provide all information reasonably requested by the standards and regulations board all those exercising delegated authority on its behalf.
- Firms must display on their business literature in accordance with RICS published policy on designation, a designation to denote that they are regulated by the RICS.
- Firms must report to RSCS any matter that they are required to report under the rules for the registration of firms.
What is the Mandatory Obligation for Firms relating to Complaints Handling Procedure?
Firms must publish a complaints handling procedure which includes an alternative dispute resolution provider approved by RICS and maintain a complaints log.
What is the Mandatory Obligation for Firms relating to Insurance?
Firms must ensure that all previous and current professional work is covered by adequate and appropriate professional indemnity cover that meets the standards approved by the RICS.
What is the Mandatory Obligation for Firms relating to Sole Principals?
Firms with a sole principal must make appropriate arrangements for their professional work to continue in the event of their incapacity, death,absence from or inability to work.
What is the mandatory obligations for firms relating to information.
Firms must promptly provide all information reasonably requested by the standards and regulations board all those exercising delegated authority on its behalf.
What is the mandatory obligation for firms relating to business literature.
Firms must display on their business literature in accordance with RICS published policy on designation, a designation to denote that they are regulated by the RICS.
What is the mandatory obligation for firms relating to reporting.
Firms must report to RICS any matter that they are required to report under the rules for the registration of firms.
