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RICS Ethics > 4. RICS Structure > Flashcards

4. RICS Structure Flashcards

1
Q

What is the meaning of the RICS Motto?

A

There is a measure in all things

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2
Q

What is the Mission Statement of the RICS?

A
  • 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.
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3
Q

When was the RICS founded?

A
  • It was founded in 1868.
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4
Q

How is the RICS Structured?

A
  • The RICS was founded in 1868 with the Royal Charter being granted by the Privy Council in1881.
  • Under the royal charter The Governing council manage and agree the strategy for the RICS.
  • The RICS Board and Standards and Regulation board are beneath the governing council and execute the strategy set by them.
  • The RICS is self-regulated and internally monitored (meaning that it is not regulated by the Government or external parties.)
  • The Bye-Laws determine how the RICS is regulated.
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5
Q

What are the RICS’ 5 principles of better regulation?

A
  • Proportionality.
  • Accountability.
  • Consistency.
  • Targeting.
  • Transparency.
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6
Q

What is the RICS Board

A

The RICS board sits under the governing council and RICS Board has delegated responsibility for delivery of the business plan and oversight of operations

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7
Q

What are the laws and regulations that govern the RICS? 

A

RICS are governed by bye-laws with are laws applied internally granted by the powers of royal charter.

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8
Q

How many Professional Groups are there and how many of them can you join for the full membership fee?

A

There are total of 18 professional groups which cover the broad spectrum of surveying services. All of them can apply for a full membership

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9
Q

Who is the BCIS and what is its relationship to RICS? 

A

Building cost information service is a database system that provides cost and price data for the UK construction industry. It was founded as part of RICS but it is now a standalone company

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10
Q

What is Governing Council and how is it elected? 

A

The governing council is the RICS’s highest governing body which set global strategy and ensure RICS fulfils its Royal Charter obligations.

It is elected where there are vacancies available and the election is taking place in the second half of 2024.

Elections are held every two years and are open to all FRICS, MRICS and AssocRICS members

Comprises of members from world regions, specific countries, regions of England, the professional groups, Matrics and members as a whole

All Members can vote in the whole membership category

For geographical seats, only Members based in that geographical area may vote

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11
Q

In broad terms, what are the RICS Byelaws? 

A

A list of laws applied internally using powers granted by the Royal Charter (aka the RICS’ constitution)

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12
Q

What is Matrics and how does it create social value? 

A

RICS Matrics is an early career community designed to support students, apprentices, trainees and those who are newly qualified (up to 10 years), as they move into the industry. It gives the community a platform to influence the profession, as well as an opportunity to network and gain support as they go through the assessment.

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13
Q

What is Lion Heart and how does it create social value?

A

LionHeart is an independent charity specifically designed for past, present and future RICS professionals and their families.

Their aim is to support members through difficult times, whether personal or professional, from the beginning of their career as an APC candidate or apprentice, right through to retirement.

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14
Q

Explain the function of the Professional Groups? 

A

Drafting, reviewing and maintaining professional guidance internationally
Setting up the standard of professional competence required for successful qualification into RICS membership and the different designations (e.g. chartered building surveyor, chartered facilities management surveyor etc.)
Contribute to policy formation
Commission and undertake specialist research
Contribute to CPD events

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15
Q

Why do we have Guidance Notes, and do you have to follow them? 

A

This is to ensure members and firms follow best practise when it comes to their surveying roles.

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16
Q

What is a Professional Standards, and do you have to comply with it? 

A

These are mandatory guidances we have to comply with. Examples include conflict of interest and client money handling

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17
Q

Who regulates members of the RICS and ensures they comply with the rules?

A

The Standards and Regulation Board

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18
Q

How are disciplinary matters dealt with by RICS? 

A

The RICS Charter and Bye-Laws authorise the Standards and Regulation Board to make Rules about the exercise of disciplinary powers.

Where a complaint or concern about a Regulated Member (RICS professional or RICS-regulated Firm) is investigated by RICS and is considered serious enough and supported by evidence, Head of Regulation will consider taking disciplinary action.

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19
Q

How does RICS communicate with its members? 

A

RICS will communicate with Members by any of the following: post fax email telephone in person.

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20
Q

Explain to your client the main benefits of employing a chartered surveyor? 

A

CPD knowledge, if for example I can’t deal with an issue, I can use my networking skills to get in touch with someone who has the expertise.

Trust in profession, my obligation to RICS ensures that what I do is fully ethical

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21
Q

What are the benefits of being ‘regulated by RICS’?

A

Status
Recognition
Market advantage
Network
Knowledge - International practise standards, professional guidance, CPD

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22
Q

How is the RICS Structured?

A

The RICS was founded in 1868 with the Royal Charter being granted by the Privy Council in1881.
Under the royal charter The Governing council manage and agree the strategy for the RICS.
The RICS Board and Standards and Regulation board are beneath the governing council and execute the strategy set by them.
The RICS is self-regulated and internally monitored (meaning that it is not regulated by the Government or external parties.)
The Bye-Laws determine how the RICS is regulated

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23
Q

How can a disciplinary proceeding be triggered?

A
  • Someone complaining to the RICS.
  • An allegation by a client or third party.
  • Information received or established by the RICS.
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24
Q

What three actions can be imposed after the end of the investigation stage?

A
  • Fixed penalty.
  • Consent order.
  • Disciplinary panel
25
Q

What are fixed penalties?

A

A fine by the RICS.

26
Q

What are consent orders?

A
  • It is a written agreement between the RICS and a member or firm concerning a disciplinary issue on a breach of the RICS rules.
  • It can require the member to take certain corrective actions, or restrain them from taking certain actions for a specified period of time and may require them to pay a fine or costs.
27
Q

When is a disciplinary panel applicable?

A
  • They are used for more serious breaches of conduct.
  • The panel will usually be held in public.
  • The burden of proof is on the RICS.
  • A balance of probabilities approach will be adopted.
28
Q

What sort of breaches would expulsion be suitable for?

A
  • Gross, persistent or willful failure to comply with an RICS rule of conduct.
  • Fraud, dishonesty, conviction of a serious criminal offence, gross incompetence, deliberate discrimination, misappropriation of a client’s money.
29
Q

Who is the current president of the RICS and how long will he/she be in post? 

A

Tina Paillet

30
Q

Who is the president elect?

A

Justin Sullivan

31
Q

Who is the RICS CEO?

A

Justin Young

32
Q

What is the purpose of the RICS?

A
  1. Regulate and promote the surveying profession
  2. Maintain the highest educational and professional standards
  3. Protect clients and consumers via a strict code of ethics
  4. Provide impartial advice and guidance
33
Q

What is the purpose of the Royal Charter?

A
  1. The Royal Charter outlines the governance structure of RICS, including its objectives, powers, and responsibilities
    2.The Royal Charter may stipulate that RICS has a duty to promote the public interest in the field of surveying
  2. Allows members to use the term ‘chartered’ in their job title
34
Q

Explain the relationship between the Privy Council and the RICS.

A
  • Privy Council - a body set up in the early days of the monarchy to advise the king/queen on matters of state and not put before parliament
  • Any changes to the bye-laws have to be approved by the UK Government, through the Privy Council, even if the changes have already been approved by a majority vote of RICS members
35
Q

What is the RICS Governing Council?

A
  • Manages the Royal Charter Obligations, setting direction and strategy
  • Establishes the Regulatory Board, Management Board and other committees (e.g. Audit Committee)
36
Q

How is the RICS Governing Council elected?

A
  1. Elections are held every two years and are open to all FRICS, MRICS and AssocRICS members
  2. Comprises of members from world regions, specific countries, regions of England, the professional groups, Matrics and members as a whole
  3. All Members can vote in the whole membership category
  4. For geographical seats, only Members based in that geographical area may vote
37
Q

How many RICS regional boards are there in the UK?

A

Nine regional boards:

  1. East Midlands
  2. East of England
  3. London
  4. North East
  5. North West
  6. South East
  7. South West
  8. West Midlands
  9. Yorkshire and the Humber
38
Q

How does the RICS communicate with its members?

A

Listed within the Rules of Conduct:

  • Post
  • Fax
  • E-mail
  • Telephone
  • In person
39
Q

What professional groups are there within the RICS?

A

Three sectors contain different RICS professional groups:

  1. Land (e.g. environment, minerals and waste, planning and development etc.)
  2. Property (e.g. valuation, facilities management, residential property etc.)
  3. Construction (e.g. building surveying, building control, project management, quantity surveying etc.)
40
Q

How many professional groups can a member of the RICS belong to?

A
  • A member is automatically attached to the professional group through which they qualified (e.g. building surveying) as part of the annual subscription, i.e. their primary professional group
  • To use an alternative designation of a specific professional group, the member must have achieved the relevant RICS qualification through that group
41
Q

What is Lion Heart?

A
  • Charity funded through past and present RICS members
  • Provides support to members (past and present) and their families, including financial support, health and wellbeing packages and work-related support
42
Q

What is the BCIS and what is its relationship to the RICS?

A
  • Building Cost Information Service (BCIS) is published by the RICS
  • It provides independent cost and price information for key areas in the construction industry
43
Q

Who is the chair of RICS Matrics?

A

Richard Golding

44
Q

What different types of professional guidance is published by the RICS?

A
  1. Professional Standards
  2. Codes of Practice
  3. Guidance Notes
  4. Information Papers
45
Q

What are the differences between Practice Statements, Codes of Practice, Guidance Notes and Information Papers?

A
  1. Professional Standards - provides members with mandatory requirements in order to comply with the RICS bye-laws and regulations in the interest of maintaining the highest professional standards
  2. Codes of Practice - documents approved by the RICS and endorsed by another professional body/stakeholder that provides recommended best practice to practitioners
  3. Guidance Notes - provides users with recommendations for accepted good practice as followed by competent and conscientious practitioners
  4. Information Papers - practice based information that provides users with the latest information and/or research
46
Q

Do you have to comply with Practice Statements, Codes of Practice, Guidance Notes and Information Papers?

A
  1. Professional Standards - mandatory
  2. Codes of Practice - mandatory or recommended good practice (will be confirmed in the document itself)
  3. Guidance Notes - recommended good practice
  4. Information Papers - information and/or explanatory commentary
47
Q

Give some examples of Practice Statements, Codes of Practice, Guidance Notes and Information Papers related to your pathway.

A
  1. Practice Statements - Property Measurement
  2. Codes of Practice - Code of Measuring Practice
  3. Guidance Notes - Dilapidations
  4. Information Papers - Flat Roof Coverings
48
Q

As a surveyor, why should you follow the guidance produced by the RICS?

A

If an allegation of professional negligence is made against a surveyor, the court is likely to take into account compliance with relevant professional standards published by the RICS in deciding whether or not the surveyor acted with reasonable competence

49
Q

Who regulates members of the RICS and ensures they comply with the rules?

A
  1. The RICS is a self-regulatory body, meaning members are not regulated by government but are internally monitored and inspected
  2. The Regulatory Board helps regulate the profession, deciding on policy and overseeing the implementation of regulatory matters
  3. The Conduct and Appeals Committee also help in regulating the profession
50
Q

What are the RICS’ principles for better regulation?

A

As determined by the Better Regulation Commission, a division of the UK Cabinet Office:

  1. Proportionality
  2. Accountability
  3. Consistency
  4. Targeting
  5. Transparency
51
Q

What determines when a firm has to register with the RICS?

A

A firm must register for regulation by the RICS if it provides surveying services in the UK and at least 50% of its partners/directors are RICS members

NB: a firm can still register if at least one of its partners/directors is a member of the RICS

52
Q

What are the benefits of RICS regulation?

A
  1. Quality assures competence through adherence to the rules of conduct
  2. Enhances members’ professional status through providing confidence to consumers
  3. Provides guidance, support and advice for members
53
Q

What is the RICS Annual Return?

A

The RICS contacts all regulated firms on an annual basis to ensure all information held on the firm is correct and up-to-date, including details regarding PII, training, CHP and clients’ money procedures (where applicable)

54
Q

How does the RICS regulate firms?

A

RICS Regulation employs a risk-based approach to regulating firms and members, initially employing a Desk-Based Review (DBR), followed by a Regulatory Review Visit (RRV) if necessary

55
Q

How are disciplinary matters dealt with by the RICS?

A

Disciplinary rules are made by the Regulatory Board (found in RICS document ‘Disciplinary, registration and appeal panel rules’) and are implemented when a member/firm breaches the rules of conduct

56
Q

What sanctions can the RICS impose on members and firms?

A
  1. Fixed penalty - a caution and/or fine payable by the member/firm
  2. Consent order - formal written agreement between the RICS and the member/firm for the latter to take/refrain from taking action within a specified time or pay a fine
  3. Panel hearing - for serious breaches in front of the Disciplinary Panel where penalties can be anything from a caution to expulsion
57
Q

When might a fine be deemed necessary to discipline a member/firm?

A

Only applicable for insufficient CPD, failing to provide information to the RICS and insufficient firm registration fees

58
Q

When might a consent order be deemed necessary to discipline a member/firm?

A
  1. Breaches not serious enough for a public disciplinary hearing
  2. The member/firm admits the breach and is willing to co-operate with the RICS
59
Q

When might a panel hearing be deemed necessary to discipline a member/firm?

A

For serious breaches (e.g. mishandling clients’ money, accepting bribes etc.)

RICS Ethics (13 decks)

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