The RICS

Question 1

What is a RICS?

Answer 1

Royal Institution of Chartered Surveyors

Founded 1868

Question 2

What is the purpose of RICS

Answer 2

Leading professional body

working in the public interest to:

• Advance Knowledge
• Uphold Standards
• Inspire current and future professional

Question 3

How does RICS work in the public intrest?

Answer 3

Regulate chartered professionals and firms

Set qualifications and standards

Question 4

What is a Royal Charter

Answer 4

Document Issued by the Monarch

Gives independent standing to an organisation

Allows it to define its objectives, constitution and powers to govern its own affairs

Question 5

what is the governing structure of RICS

Answer 5

**Currently under development

Governing Council

RICS Board
- Committees (Knowledge and practice)

Standard and Regulation Board
+( Regulatory Tribunal)
Standards Committee

Question 6

What is the role of the Governing Council

Answer 6

Highest Governing Body

• Sets out Global Strategy
• Ensures it fulfils Royal Charter
• Approving changes to constitution

Question 7

What is the role of the RICS board

Answer 7

Direct RICS affairs under delegation of the governing Council

Question 8

What is the role of the Standards and Regulation Board?

Answer 8

Responsible for regulatory functions

Oversees Professional Standards

Question 9

How is RICS regulated?

Answer 9

Registration Schemes

Investigation and Disciplinary process

Readmission following disciplinary expulsion.

Question 10

What are the RICS bye-laws for

Answer 10

So the head of regulation and regulatory tribunal can:

Make disciplinary and regulatory decisions

including penalties and costs

Question 11

What is the President of RICS

Answer 11

Tina Paillet

Justin Sullivan - President elect

Question 12

What are the different memberships of RICS

Answer 12

Associate (AssocRICS)
Chartered (MRICS)
Fellow (FRICS) 5 years +

Question 13

What is the mission statement of RICS?

Answer 13

• To qualify and equip their members to offer the highest standards of professional service.
• To promote and enforce standards
• To lead solutions to the major challenges facing the built environment through professional expertise.

Question 14

What was the Levit Review 2021?

Answer 14

Followed a treasury audit

3 million over drawn due to cash flow error.

recommended:

• External Review of Governance and strategy
• Sharing of minutes
• regular review of all member
• Board member to raise issues with the governing council.

Question 15

What was the Bichard Review

Answer 15

Published 2022

Commisioned following the Levitt review.

Question 16

What did the Bichard review recomend?

Answer 16

** Re-affirm focus on public interest role of RICS

** New governance structure

** Diversity and Inclusion

** Increase member engagement

Question 17

How does RICS promote diversity and inclusion

Answer 17

Through its rules of conduct

DEI Initiatives

Strategic Oversite group