The RICS

Question 1

What does the RICS stand for?

Answer 1

Royal Institution of Chartered Surveyors

Question 2

What is the RICS motto?

Answer 2

Est Modus En Rebus - There is measure in all things

Question 3

What is the RICS objective

Answer 3

To maintain and promote the usefulness of the profession for the public advantage in the
United Kingdom and in any other part of the world

Question 4

When did the RICS receive its charter?

Answer 4

1881 from Queen Victoria

Question 5

Who is the president of RICS

Answer 5

Tina Paillet

Question 6

When must a firm join RICS?

Answer 6

• Operating in Regulated Area A (the UK)
• The firm provides surveying services to the public
• at least 50% of its principals are RICS members

Question 7

When can a firm join RICS

Answer 7

• At least 25% of its principals are RICS members
• The firm provides surveying services to the public

Question 8

What are the 4 classes within the RICS

Answer 8

• Fellow
• Member
• non-Chartered member
• Honorary member

Question 9

Where is the current headquarters

Answer 9

12 Great George Street, Parliament Square, London

Question 10

What must firms provide annually to RICS

Answer 10

• What services are being offered
• Staff level
• Clients they work for
• Complaints handling procedure
• PI details
• Whether the firm holds client money

Question 11

What is a responsible principal

Answer 11

They ensure that RICS’ professional, technical and ethical standards are
applied, upheld and supported by an appropriate assurance framework within a regulated firm

Question 12

Who can be a responsible Principal

Answer 12

They must satisfy 3 requirements:
1. Head of Regulations is satisfied they’re appropriate
2. They are able to, or report to someone who is able to influence strategic objectives and significant decisions
3. They are an RICS member; OR appointing an RICS member is impractical AND the principal has sufficient experience