Hot Topics

Question 1

What are the Rule of Conduct changes?

Answer 1

• 2021 Global Practice statement will overhaul will overhaul the previous document - rules of conduct for members, rules of conduct for firms and global professional and ethical standards

Question 2

Why did the previous global professional standards change?

Answer 2

This was to provide greater clarity for RICS members and firms as a single document.

Greater focus on understanding evolving technology, and tackling climate change

Question 3

What is the RICS Mission Statement?

Answer 3

• To qualify and equip their members to offer the highest standards of professional service
• To promote and enforce standards
• To Lead solutions to major challenges facing the built environment

Question 4

5 principles of better regulation

Answer 4

PACCT

-Proportionality
- Accountability
- Consistency
- Targeting
- Transparency

Question 5

When was RICS founded?

Answer 5

1868

Question 6

Structure of RICS

Answer 6

• Royal charter granted by Privy Council in 1881
• RICS is self regulated and not regulated by government
• The governing council manage and agree the strategy for the RICS

Question 7

What are Regulations?

Answer 7

• Regulations add further detail to bye laws

Question 8

What are Bye Laws?

Answer 8

• Bye Laws are set out in the royal charter and determine how the RICS is regulated

10 Bye Laws

Question 9

What was the Harris Debate 2024

Answer 9

Focused on the theme of Artificial Intelligence and its impact on Valuation

Question 10

Views on the use of AI?

Answer 10

• Can support the estimating process with data collection
• Site safety with cameras detecting potential hazards
• use energy efficient software to adjust lighting, HVAC

Question 11

What is your understanding on the RICS business plan?

Answer 11

• Focus points from 2024 plan
• Sustainability Leadership - aims to lead on global issues such as decarbonisation, circular economy and biodiversity.
• Attracting Diverse Talent
• Enhancing Member Engagement

Question 12

What guidance Note are you aware of in using social media

Answer 12

Use of Social Media - Guidance for Members 2021
set standrds for communicating either through socia media or in person

Question 13

How do you ensure you operate in line with RICS social media guidance

Answer 13

• use social media in a responsible way
• Respecful language when communicating
• never make a post which is dishonest

Question 14

Explain your undertsanding of the RICS inclusive employer quality mark?

Answer 14

• Scheme designed by RICS to improve diversity and inclusion with the property sector

pledge emplyees to comit to the following principles;

• Leadership
  recruitment
  staff development, retention, engagement