Conduct, Rules, Ethics and Professional Practice Flashcards
(23 cards)
When did the RICS receive royal status and what was it’s purpose?
The Royal Charter was awarded by Queen Victoria in 1881 for the purpose of maintaining and promoting the usefulness of the surveying profession for public advantage.
How does key changes to the constitution get administered?
Through government, via the Privy Council.
What is the motto of the RICS?
“Est Modus in Rebus” - There is measure in all things
What does RICS stand for?
Royal Institution of Chartered Surveyors
What sectors does the RICS cover?
- Real Estate
- Infrastructure
- Construction
What is the Role of the RICS?
- Regulate and promote the profession
- Maintain the highest level of educational and professional standards
- Protect Client and Consumers
- Provide independent advice
What is Lionheart?
It is the benevolent fund of the RICS to support members during hardship.
Why do you want to be part of the RICS?
So that I can promote best practice, be recognised as a leading professional and gain valuable resources to support me in my profession.
Who is the current RICS President?
Acting President - Nicholas Maclean
How does RICS ensure better regulation?
Ensuring regulation has/is
- Proportionate
- Accountability
- Consistency
- Targeted
- Transparency
What is the structure of the RICS?
Privy Council
Governing Council
Standards & Regulatory Board - - - Mgt Board - - - Audit Committee
How does the RICS ensure standards and quality are maintained by individuals and firms?
- Rules of conduct
- Professional Obligations
- Practice Information (Black Book)
What are the ethical principles?
- Honesty
- Integrity
- Competence
- Service
- Respect Responsibility
What are the Rules of Conduct?
- Members and firms must be honest, act with integrity and comply with their
professional obligations, including obligations to RICS. - Members and firms must maintain their professional competence and ensure
that services are provided by competent individuals who have the necessary
expertise. - Members and firms must provide good-quality and diligent service.
- Members and firms must treat others with respect and encourage diversity and
inclusion. - Members and firms must act in the public interest, take responsibility for their
actions and act to prevent harm and maintain public confidence in the profession.
What are the Professional Obligations to the RICS?
Members:
- Members must comply with the CPD requirements set by RICS.
- Members must cooperate with RICS.
- Members must promptly provide all information reasonably requested by the Standards and Regulation Board, or those exercising delegated authority on its behalf.
Firms:
- Firms must publish a complaints-handling procedure, which includes an alternative dispute
resolution provider approved by RICS, and maintain a complaints log. - Firms must ensure that all previous and current professional work is covered by adequate and
appropriate professional indemnity cover that meets the standards approved by RICS. - Firms with a sole principal must make appropriate arrangements for their professional work to continue in the event of their incapacity, death, absence from or inability to work.
- Firms must cooperate with RICS.
- Firms must promptly provide all information reasonably requested by the Standards and
Regulation Board, or those exercising delegated authority on its behalf. - Firms must display on their business literature, in accordance with RICS’ published policy on
designations, a designation to denote that they are regulated by RICS. - Firms must report to RICS any matter that they are required to report under the Rules for the Registration of Firms.
Name some of the RICS publications
- Modus
- Construction Journal
- International Standards
- RICS code of practice
- RICS Practice Information
- RICS Economic/ Market report
What is the minimum level of CPD?
20 hours a year
50% informal and 50% formal
Can you accept a gift or hospitality from a Contractor?
Yes, if the timing is not controversial, it is proportionate and does not perceive to impair my judgement.
What rules are there regarding acceptance of gifts and hospitality?
If it is untimely, not proportionate, perceive to impair my judgement and impartiality, then no.
If it doesn’t, then yes and I would record it under my company’s gift register.
What is a conflict of interest?
Where there is perceived notion of an individual’s inability to act impartial
What are the 3 types of conflict of interests?
- Party conflict
- Personal conflict
- Confidential information conflict
What is informed consent?
Disclosing to the parties that there is a conflict of interest and the parties consent for you to continue with the services
What is a bribe?
Offering money or reward in order to get an advantage
