Starting A New Practice Flashcards
1
Q
How would you start a new practice?
A
Inform RICS by filling in firm details form
Appoint responsible principal
Register with RICS for regulation
Arrange PI insurance and send to RICS
Set up client money handling procedures including protection scheme
If valuation register for RICS valuer registration scheme
Obtain RICS approval for complaints handling process
Set up complaints log
Appoint a complaints handling officer
Use RICS logo kit “regulated by RICS”
Plan for succession of business if sole practitioner and Ill
Log CPD
Complete annual RICS annual return each year
