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Flashcards in Ethics Deck (10)
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1

If you passed next week and you decided to set up a firm - what would you do?

Inform RICS using Firms Details Form

Register with Regulatory Board

If handling clients money - Members Accounts Regulations

Arrange professional indemnity insurance

If doing Red book vals then register VRS

Complaints Handling Procedure - elect surveyor from other firm is sole practitioners

Succession/ future running if sole

2

What are the core values?

Act with integrity
Always provide a high standard of service
Act in a way that promotes trust
Treat others with respect
Take responsibility

3

Tell me what you know about the RICS

Formed in 1868 and now in 150th year

Present structure is created by agenda of change 1998

Has a royal charter granted by privy council

Privy council are advisors to the monarch

It is self regulated through bye laws

4

What is the role of the RICS?

Maintain high standards of education and training

Protect customers through strict regulation

Leading sauce of information and advice

5

What are the benefits of being RICS

Market advantage
Networking
Recognition
Knowledge
Status

Gives clients confidence

6

What are the 5 principles for better regulation?

PACTT

Proportionality
Accountability
Consistency
Targeting - forbidden
Transparency

7

What are the disciplinary actions?

Action by head of regulation
Disciplinary panel
Appeal panel

8

What are the rules of conduct for members?

ECSCPDSIC

Ethical behaviour
Competence
Service
CPD
Solvency
Information to the RICS
Co-operation

9

What are the rules of conduct for firms?

PCSCPDCCP

Professional Behaviour
Competence
Service
CPD and training
Complaints handling
Clients money
Indemnity

10

What are the levels of PII cover?

< 100,000 = 250k
100,001 - 200,000 = 500k
200,001> = 1m