Ethics

Question 1

Define Ethical

Answer 1

Acting with moral principles, in the public interest

Question 2

Define Integrity

Answer 2

Acting honestly, transparently and ethically

Question 3

Define Due Diligence

Answer 3

The garthering of information to assess the credibility and suitability of a business

Question 4

Define professionalism

Answer 4

Conducting yourself in a way that is appropriate in a professional setting and to a high standard

Question 5

Give an example of a conflict of interest?

Answer 5

Working with a client or subcontractor who is also a friend or family member

Question 6

What are the types of conflicts of interest?

Answer 6

1. A party conflict
2. An own interest conflict
3. A confidential information conflict

Question 7

What makes the RICS a royal chartership

Answer 7

Its commitment to serving in the public interest and the right to self regulate members and firms

Question 8

How might your work be in the public interest?

Answer 8

Providing the necessary resources to manage health and safety and social value/ sustainability contributions

Question 9

Give an example of when you acted ethically

Answer 9

During the tender period for a subcontract package I was asked to go for a drink by a tenderer, I declined as it was not appropriate at the time

Question 10

What are the 5 RICS rules of conduct?

Answer 10

1. Act with honesty integrity and comply with obligations to the RICS
2. Maintain professional competence and ensure services are provided by competent people
3. Provide good quality diligent service
4. Treat others with respect, encourage EDI
5. Act in the public interest, take responsibility for and maintain public confidence in the profession

Question 11

What is the structure of the RICS

Answer 11

1. Privy council
2. Governing council
3. Standards and Regulations board
4. RICS board
5. Regulatory tribunal
6. Audit committee

Question 12

Who is the president of the RICS

Answer 12

Acting is Nicholas Maclean

Question 13

Give me 3 examples of RICS guidance notes ‘black book’

Answer 13

1. Conflict avoidance and dispute resolution
2. Change control and management
3. Commercial management of construction projects
4. Interim valuations and payment
5. Management of risk

Question 14

What is RICSs CPD policy?

Answer 14

All members must undertake 20h of CPD including 10h of formal

Question 15

What does Lionheart do?

Answer 15

Support past present and future RICS members and their families

Question 16

What does Matrix do?

Answer 16

Early career community designed to support newly qualified RICS professionals

Question 17

What is the the role of RICS professional groups

Answer 17

18 groups covering the spectrum of surveying practices for networking, shared insights and professional development

Question 18

What are the RICS bye-laws?

Answer 18

The RICS bye laws are the laws set out by the RICS for members and firms that give the head of regulation the power to make disciplinary and regulatory decisions

Question 19

Can you give 3 examples of legislation relevant to construction industry?

Answer 19

1. Construction Act 1996
2. Building Safety Act 2022
3. Procurement Act 2023
4. Health and Safety at work act 1974
5. CDM 2015

Question 20

Common Law that effects Construction

Answer 20

Law of Tort (Negligence)
Contract Law

Question 21

What happened in the case of CLS Civil Engineering v WJG Evan and sons?

Answer 21

Letters of intent are binding contracts and any caps on expenditure are final

Question 22

What are the 3 professional obligations to the RICS?

Answer 22

1. 20h CPD
2. Cooperate with the RICS
3. Provide information as requested

Question 23

What are the professional obligations for RICS firms?

Answer 23

1. Cooperate
2. Provide information
3. Complaints handling procedure
4. Professional Indemnity cover
5. Arrangements to cover professional work if unable to keep working
6. Designations to note they are a RICS firm

Question 24

What are the 6 principles of the bribery act 2010

Answer 24

1. Proportionality
2. Top level commitment
3. Risk Assessment
4. Due Diligence
5. Communication
6. Monitor and Review

Question 25

What are the responsibilities of firms to prevent money laundering and terrorist financing?

Answer 25

1. Customer Due Diligence 2. Risk Assessment 3. Nominated officer 4. Training employees 5. Policies 6. Record keeping

Question 26

Define conflict of interest

Answer 26

Where someone in a position of trust has competing personal or professional interests making it difficult for the to fulfil their duties impartially

Question 27

What does a chartered surveyor have to have in place?

Answer 27

Professional indemnity insurance as guided by the RICS professional indemnity insurance regulation document which will outline depending on turnover

Question 28

What is run off cover?

Answer 28

Run off cover is used to protect firms and businesses after they have ceased trading for claims brought against them during their work

Question 29

Define Equity

Answer 29

Equity is treating individuals fairly and justly by recognising each individuals needs

Question 30

What policy does the RICS have on DEI

Answer 30

The Diversity equality and inclusion guidance document which outlined actions for different sizes for firms. It also links to guidance on inclusive culture, recruitment, spaces and policies

Question 31

What is the IEQM?

Answer 31

The inclusive employer quality mark

Question 32

What are the aims of the Inclusive employer quality mark (IEQM)?

Answer 32

It aims to promote inclusivity in the land property and construction sector as a voluntary was for firms to demonstrate their commitment

Question 33

What is RICS Modus

Answer 33

Monthly news letter produced by the RICS

Question 34

What are the two types of documents the RICS produce

Answer 34

Practice information and professional standards

Question 35

What are the principles of better regulation?

Answer 35

PACTT 1. Proportionality 2. Accountability 3. Consistency 4. Targeting 5. Transparency