Ethics, Rules Of Conduct And Professionalism

Question 1

When was RICS founded?

Answer 1

1868

Question 2

What type of charter does RICS have?

Answer 2

Royal Charter

Question 3

In what year was the Royal Charter initially granted to RICS?

Answer 3

1881

Question 4

What documents set out the governance of the RICS?

Answer 4

RICS Regulations and Bye-laws

Question 5

What was the current membership of RICS as of 31 December 2023?

Answer 5

113,000 qualified members and 28,000 trainee members

Question 6

What are the four levels of membership in the RICS?

Answer 6

• RICS Fellow - FRICS
• Chartered Member - MRICS
• Associate Member - AssocRICS
• RICS Student

Question 7

What is required to become a RICS Fellow?

Answer 7

Evidence of achievement of FOUR Fellowship characteristics, which include;
1) five or more years at MRICS
2) a leadership role
3) professional/technical achievement
4) academic achievement
5) raising the profile of the RICS

(A portfolio of professional achievement to support the application is required to include your CPD record)

Question 8

What is the highest governing body of RICS and what does it do?

Answer 8

Governing Council which provides management and strategic direction, ensuring that RICS fulfills its Royal Charter obligations.

Question 9

How many members are in the RICS Governing Council?

Answer 9

29 members

Question 10

There are two

Which boards report to the RICS Governing Council?

Answer 10

1)Standards and Regulation Board
2) Management Board

Question 11

How many specialist professional groups does RICS have?

Answer 11

17 specialist professional groups

Question 12

What is the role of each professional group within RICS?

Answer 12

Each profession group has an elected board and is responsible for outlining standards of competence and practice

Question 13

Who is the current Chief Executive Officer of RICS?

Answer 13

Justin Young

Question 14

Who is the current President of RICS as of January 30, 2025?

Answer 14

Justin Sullivan FRICS

This position is held for a term of one year. This position also chairs the governing council.

Question 15

Who is the President-Elect of RICS?

Answer 15

Nick Maclean FRICS

Question 16

What does the Royal Institution of Chartered Surveyors promote?

Answer 16

The highest professional qualifications and standards in the development and management of land, real estate, construction, and infrastructure.

Question 17

To whom is the RICS accountable?

Answer 17

Both members and the public.

Question 18

What type of engagement is the RICS involved in?

Answer 18

Policy influence and political engagement.

Question 19

Fill in the blank: The RICS promotes and enforces the highest professional _______.

Answer 19

qualifications and standards in the development and management of land, real estate, construction and infrastructure (RICS, 2020)

Question 20

True or False: The RICS only serves its members and is not accountable to the public.

Answer 20

False

Question 21

What are the THREE main roles of the RICS?

Answer 21

1. To maintain the highest standards of education and training
2. To protect consumers through strict regulation of professional standards
3. To be the leading source of information and independent advice on land, property, construction and associated environmental issues

RICS 2015

Question 22

What do our standards documents lay out?

Answer 22

The ethical conduct and competence-related standards for the profession.

Standards are essential for maintaining professionalism in the field.

Question 23

What do professional members and RICS regulated firms deliver by working to our standards?

Answer 23

Confidence and transparency.

These elements are crucial for public trust in the profession.

Question 24

How does RICS ensure that standards are upheld by the profession?

Answer 24

Through a system of independently led regulation.

Independent regulation helps maintain objectivity and integrity.

Question 25

True or False: RICS standards only focus on ethical conduct.

Answer 25

False. ## Footnote Standards also include competence-related aspects.

Question 26

Fill in the blank: RICS ensures standards are upheld through a system of _______.

Answer 26

independently led regulation. ## Footnote This system is designed to maintain high professional standards.

Question 27

What does the development and enforcement of leading international standards protect?

Answer 27

Consumers and businesses ## Footnote This ensures that professionalism is maintained across various environments.

Question 28

What environments are affected by the enforcement of international standards?

Answer 28

Built and natural environment ## Footnote This highlights the broad scope of the standards' impact.

Question 30

What are the 5 Future Foundations published by RICS in November 2023?

Answer 30

Mission, Vision, Strategic goals, Values, Benefits of Being a RICS member ## Footnote These foundations were established following the Bichard Review.

Question 31

What is the mission of RICS?

Answer 31

Inspire members, Advance knowledge, Uphold standards ## Footnote This outlines the core functions RICS aims to achieve.

Question 32

What is the vision of RICS?

Answer 32

A natural and built environment that is sustainable, resilient and inclusive for all.

Question 33

List the strategic goals of RICS.

Answer 33

* Lead and influence on sustainability * Attract a diverse next generation * Strengthen trust in the profession * Enhance member value and engagement

Question 34

What are the core values of RICS?

Answer 34

* Professional * Collaborative * Inclusive * Ambitious

Question 35

What defines RICS as a world-class organization?

Answer 35

An efficient, effective and inspiring professional body that is easy to do business with.

Question 36

What is one benefit of being a RICS member related to status?

Answer 36

Your professional credentials provide unrivalled client confidence.

Question 37

How does RICS support recognition for its members?

Answer 37

Promotion of your professional excellence to governments and markets.

Question 38

What market advantage does RICS membership provide?

Answer 38

RICS status and standards gives you a competitive advantage.

Question 39

What type of knowledge does RICS membership offer?

Answer 39

International practice standards, professional guidance, CPD & knowledge sharing.