The RICS Flashcards
Purpose of APC?
Ensures that candidates are competent and meet the high standards of professionalism required to become a chartered surveyor.
President of RICS?
Ann Gray
CEO of RICS?
Richard Collins
What is the Levitt report?
Internal audits were suppressed
4 non-exec board members raised concerns
They were unfairly dismissed
Internal report was pre-agreed
RICS Motto?
There is measure in all things
RICS History?
Founded 1868
Royal Charter 1881
George VI granted Royal title 1946
Number of RICS members?
c.134,00 in 146 countries
Central purpose of the RICS?
- To maintain high standards of education and training
- To protect customers through strict regulation of professional standards
- To inform policy and political engagement
- To be the leading source of information and independent advice on land, property, valuation and built environment
RICS Structure Worldwide?
Governing Council of 22 members
15 country reps
6 specialism reps
RICS UK structure?
- 4 National Associations
- 10 Regional Boards
- Local Associations
- Current CEO is Sean Tompkins
What is a royal charter?
Granted by sovereign
Gives independent legal personality on an organisation, defines its objectives, constitution and powers to govern its own affairs.
RICS 5 principles of better regulation? (PACTT)
- Proportionality: making the penalty proportional to the breach
- Accountability: to all members and the public
- Consistency: treating all members the same
- Targeting: serious breaches
- Transparency: to all members, clients and the public
What are the RICS Byelaws?
The byelaws set out the structure, requirements and governance of the RICS as a self-regulated body.
Apply to all members, firms and other non-member individuals as defined in the royal charter
5 types of RICS memberships?
Student
AssocRICS
MRICS
FRICS
Honorary
How do become FRICS?
- Evidence of achievement of 4 fellowship characteristics which includes;
- 5 or more years’ MRICS
- A leadership role
- A professional achievement
- Academic achievement
- Raising the profile for RICS
- A portfolio of professional achievement to support the application and your CPD record