Hot Topics 2024 Flashcards
(220 cards)
1
Q
Are you aware of any guidance that applies to RICS Members
when using Social Media?
A
The RICS introduced the Guidance Note ‘Use of Social Media: Guidance for Members Version
1.
2
Q
When did the RICS guidance note on social media take affect?
A
This took affect from 30th June 2021.
3
Q
How do you ensure you operate inline with RICS guidance on the
use of Social Media?
A
- I am always sure to use social media in a responsible and professional manner in the same way
that I communicate via face to face or other written forms of communication. - I am sure to use professional and respectful language when communicating and understand the
responsibility in representing the RICS. - I would never make a post that is dishonest or would cause offence in any way.
- I realise that this could potentially undermine public confidence and trust in the profession.
4
Q
When would the RICS investigate a Social Media post made by
one of its members?
A
An investigation may take place if a social media post is:
o Discriminatory.
o Dishonest.
o Abusive or threatening.
o Likely to cause significant harm, distress or offence to a person.
o Shows a pattern of frequent or large number of concerning communications.
o Ignores previous advice or warnings about concerns.
5
Q
What significant event in 2019 affected fire safety insurance cover in the professional indemnity insurance market?
A
The Grenfell Disaster
6
Q
What was the insurers’ response following an increase in insurance claims after the Grenfell Disaster?
A
Insurers applied blanket fire safety exclusions.
7
Q
How did the removal of fire safety insurance cover impact surveying firms?
A
Many surveying firms were unable to obtain fire safety cover, leaving them exposed on previously completed instructions and unprotected for future work.
8
Q
Which organization worked with insurers in 2020/21 to restrict blanket fire safety exclusions?
A
The RICS (Royal Institution of Chartered Surveyors).
9
Q
What was the agreement between RICS and insurers in May 2021 regarding fire safety exclusions?
A
Fire safety exclusions could be used but would not apply to work on properties with four or fewer storeys above ground level.
10
Q
What must insurers do to participate in the RICS insurance market?
A
Sign the agreement that includes the conditions for fire safety exclusions.
11
Q
How is protection for professionals completing EWS1 assessments provided?
A
Protection is limited and available on a case-by-case basis at insurers’ commercial discretion.
12
Q
What is the name of the new scheme being launched by RICS to improve diversity and inclusion?
A
The Inclusive Employer Quality Mark.
12
Q
Are EWS1 forms covered under the RICS’ policy wording?
A
No, cover for completion of EWS1 forms remains excluded from RICS’ policy wording.
13
Q
Which sector is the Inclusive Employer Quality Mark aimed at?
A
The property and construction sector.
14
Q
What must employers do to participate in the RICS Inclusive Employer Quality Mark scheme?
A
Pledge their commitment to adopting and continually improving against six principles.
15
Q
What are the six principles of the RICS Inclusive Employer Quality Mark?
A
Leadership and Vision, Recruitment, Staff Development, Staff Retention, Staff Engagement, and Continuous Improvement.
16
Q
How often must firms assess their performance against the Inclusive Employer Quality Mark criteria?
A
On a bi-annual basis.
17
Q
What will RICS do with the assessment information from participating firms?
A
Document the outcomes and trends for the profession as a whole.
18
Q
What branding can firms use after committing to the RICS Inclusive Employer Quality Mark?
A
“Signatory to the RICS Inclusive Employer Quality Mark.”
19
Q
What are the advantages of hybrid working ?
A
Improved work–life balance.
Greater ability to focus with fewer distractions.
Saved commuting time and cost.
Savings on office space.
Higher levels of employee job satisfaction.
20
Q
What are the disadvantages of hybrid working ?
A
Loss of social connection.
Reduced collaboration.
Productivity can be dependent on quality of workspace.
Less recognition.
Risk of burnout.
21
Q
What was the case of Hart vs Large about?
A
It was a high court case relating to a dispute between purchasers, Mr & Mrs Hart, and their surveyor, Mr Large.
22
Q
What type of report did Mr. Large carry out on the property in the Hart vs Large case?
A
He carried out a Level 2 Home Buyer Report.
23
Q
What issues did Mr & Mrs Hart experience with the property?
A
They experienced problems with damp and water ingress.
24
What were the reasons the court ruled that Mr. Large was negligent?
He failed to identify issues relating to damp, failed to advise the purchaser to obtain a Professional Consultants Certificate, and failed to recommend further investigations regarding the property's condition.
25
Why is the Hart vs Large case important for surveyors?
It highlights the need to report on any uninspected building elements, recommend further investigations for suspected defects, and advise obtaining a Professional Consultants Certificate for recently refurbished properties to protect purchasers from concealed defects.
26
What was the Birchard Review?
The Birchard Review was an independent review commissioned by the RICS Governing Board in December 2021 into the purpose, governance, and strategy of the RICS.
27
Why was the Birchard Review commissioned?
It was commissioned following the Levitt Review and aimed to create a new sense of purpose and direction for the RICS.
28
How many recommendations did the Birchard Review advise on?
36 recommendations.
29
What are some of the recommendations being implemented from the Birchard Review?
Separating commercial activity, giving younger members a stronger voice, setting up a Diversity and Inclusion Panel, improving technology, and setting up a Public Interest Panel.
30
What changes will be made to the RICS governance structure?
It will be updated to include a Public Interest Panel, Sustainability Panel, Commercial Committee, and Audit, Risk, Finance & Assurance Committee.
31
What are the main benefits of Diversity & Inclusion?
Attract skilled professionals from diverse backgrounds.
Establishes a sense of belonging among employees.
Encourage employees to feel more connected.
Increases productivity.
Reduces staff turnover.
Allows employees to feel valued and accepted.
32
What is the purpose of the 'Diversity & Inclusion leadership' setup by the RICS?
It serves as a knowledge hub for sharing ideas on why diversity & inclusion is important to the RICS.
33
What initiatives have been included under the 'Diversity & Inclusion leadership'?
Initiatives such as International Women’s Day celebrations, Pride 2023 focusing on LGBTQ+ equality, and the McGregor-Smith Review aimed at developing black and ethnic minority talent within the profession.
34
What is the focus of International Women’s Day celebrations under the 'Diversity & Inclusion leadership'?
Celebrating the achievements of women in the profession
35
What does Pride 2023, an initiative under the 'Diversity & Inclusion leadership', focus on?
It focuses on LGBTQ+ equality and the importance of LGBTQ+ representation in the profession.
36
What is the aim of the McGregor-Smith Review mentioned under the 'Diversity & Inclusion leadership'?
The aim is to develop black and ethnic minority talent within the profession.
37
What is the purpose of Practice Information?
Practice Information provides supporting guidance to advise surveyors in delivering specific services or working in specific areas of practice.
37
What do Professional Standards contain?
They contain mandatory requirements that surveyors must follow (indicated by 'must') and best practices that surveyors should follow (indicated by 'should').
37
What are the two new definitions for Professional guidance introduced by RICS split into?
Professional Standards and Practice Information.
38
What do Professional Standards focus on?
They focus on baseline expectations for competence and ethical behavior for RICS members and regulated firms.
39
Is Practice Information mandatory for surveyors to follow?
No, Practice Information is not mandatory, and it does not provide explicit recommendations.
40
What are the two categories into which the guidelines around the use of the RICS logo are split?
Rules of Conduct for Firms' use of the RICS logo and designation, and Guidelines for Personal Use of the RICS logo.
41
Who approves the detailed information regarding correct usage of the RICS logo?
The Standards and Regulation Board.
42
What rights do qualified RICS members have regarding the use of the RICS logo?
They have the right to use the logo for personal use, such as on business cards and personal email signatures.
43
What are some specific rules regarding the presentation of the RICS master logo?
The font and color of the logo must not be adjusted, and there should be a minimum clearance around the logo equivalent to the size of the capital "R" in RICS.
44
Why have the RICS changed their membership card ?
offers a more sustainable alternative to the plastic membership cards and forms part of the
RICS’ efforts to make the profession more sustainable and cost effective.
44
Are you aware of the changes the RICS recently made around its
use of Membership Cards?
It used to be a plastic card now its a digital card
45
What does IPMS stand for?
IPMS stands for the International Property Measurement Standards.
46
When was the International Property Measurement Standards coalition formed?
It was first formed in 2013.
47
How many global professional organizations make up the IPMS coalition?
80 global professional organizations.
48
What are some versions of the IPMS standards targeted at specific industry sectors?
IPMS Office, IPMS Residential, and IPMS Retail.
49
What standard supersedes all previous versions and was introduced in January 2023?
IPMS All Buildings.
50
What role has the RICS played in the IPMS coalition?
The RICS has been a pivotal member since the coalition's inception, providing consultation and advice to its members.
51
When was IPMS All Buildings introduced?
IPMS All Buildings was introduced in January 2023.
52
What does IPMS All Buildings supersede?
It supersedes all previous standards.
53
What types of buildings does IPMS All Buildings apply to?
It applies to all buildings irrespective of their use or sector class.
54
What are some key updates to the IPMS All Buildings standard?
Updates include adopting a shorter and more concise format, unique definitions to prevent confusion, organizing into four volumes for different professional groups, and encouraging global adoption.
55
How many volumes is IPMS All Buildings organized into?
It is organized into four volumes.
55
Why was IPMS All Buildings organized into four volumes?
To cater to different professional groups in various scenarios and encourage global adoption by simplifying the standards.
56
What is the definition of Internal Dominant Face set out in within the IMPS?
The inside surface area comprising more than 50% of the lowest
2.75m measurement vertically from the structural floor surface, or to the ceiling if lower, for each
wall section.
57
What is the definition of Component Area set out in within the IMPS?
The floor area attributed to one of the components.
57
What is the definition of Component set out in within the IMPS?
One of the main elements into which the floor area of a building can be allocated.
58
What is the definition of Standard Facilities set out in within the IMPS?
Shared areas in a building that typically do not change over time, such as
circulation areas, stairs, escalators, lifts/ elevators, toilets, cleaners cupboards, plant rooms, fire
refuge areas and maintenance rooms.
58
What is your view of the IPMS Updates?
I think the IPMS when established globally will provide an extremely useful set of measurement
standards that will hopefully negate ambiguity across international markets, but the UK has been slow to adopt the IPMS due to a familiarity and preference of the
existing standards.
59
When did the RICS release an updated UK supplement of the Red book ?
January 2022
60
Why did the RICS update the RICS Red Book ?
to update its recommendations around mandatory rotation cycles for regulated valuations.
61
What do the new rules in the RICS Red Book Mean ?
The new rules mean that firms undertaking valuations for regulation purposes will not be able to
repeat this service for more than ten consecutive years.
62
When did the new rules take affect?
1st May 2024
63
What are the impacts of Brexit on the UK property & Construction industry?
- Movement in personnel
- Movement of materials
- Material Cost Increases
64
How has personnel been effected by Brexit?
Movement of people is restricted, meaning its harder for employers to employ someone from outside the UK. The restrictions have led
65
How has materials been affected by Brexit?
The price of goods moving across the border is expected to increase due to the additional border
checks and administrative work.
The new Uk trade agreement with the Eu has lead to material shortages and price increases but shouldn't have a long term effect.
66
Despite cross border tariffs not being introduced, the additional administrative work and checks
in my experience are slowing down the supply of labour and materials.
This has subsequently resulted in cost increases and availability issues in particular in the cost of:-
Steel.
Plastic components.
Cement.
Plasterboard.
Skilled and non-skilled labour.
67
What has the RICS provided in response to Brexit concerns?
The RICS has provided a number of position statements highlighting its concerns and issues with Brexit on a sector-by-sector basis.
68
What does the RICS suggest the UK government should do to make Brexit work for a post-EU UK?
The RICS outlines actions the UK government should take, such as encouraging growth and diversity in the construction workforce and addressing funding gaps left by the loss of EU funding streams.
69
Why is encouraging the growth and diversity of the construction workforce important according to the RICS?
Because the potential loss of non-UK workers, who currently account for 12.6% of the workforce, could create significant issues.
70
How does EU membership benefit the UK's project delivery, according to the RICS?
EU membership provides access to funding streams such as the European Investment Bank (EIB), which significantly impact project delivery.
71
What does the RICS call for regarding the European Investment Bank (EIB) funding?
The RICS calls for the UK Government to either retain EIB funding or introduce a new lending mechanism to fill the gap and prevent a lack of infrastructure investment.
72
What is the title of the RICS Guidance note published to support surveyors working on multi-storey and multi-occupancy residential buildings?
"Cladding for Surveyors 1st Edition March 2021."
73
What is the aim of the RICS Guidance note on cladding?
To improve surveyors' knowledge of external wall cladding systems that may be considered within the External Wall Fire Review.
74
What useful features does the RICS Guidance note on cladding provide?
It provides illustrated examples of cladding systems.
75
What should a surveyor do if clients ask for advice on fire safety?
They should recommend that clients seek advice via a professional fire risk assessment, as fire safety falls outside the surveyor's area of expertise.
76
What does ACM stand for ?
aluminum composite material
77
What is ACM cladding\ consist of?
It consists of two skins of aluminum bonded to either side of a lightweight core of materials such
as polyethylene or a mineral core aimed to provided insulating properties.
78
What was the issue with ACM cladding in use and relation to Grenfell ?
It was thought to contain combustible materials that contributed to the spread of fire across the external elevation of the building.
79
When did the UK government ban the use of combustible materials on high-rise homes?
The ban started on 29th November 2018.
80
What does the ban on combustible materials mean for new buildings?
What does the ban on combustible materials mean for new buildings?
81
What are local authorities required to do regarding existing buildings with dangerous ACM cladding?
They need to undertake remediation works to replace the dangerous ACM cladding.
82
What is an EWS1?
An EWS1 is an External Wall System Fire Review Certificate.
82
When are EWS1's applicable?
when a multi-storey residential property is either being bought, sold or re-
mortgaged.
83
Are Ews1's a building safety certificate ?
It is not a building safety certificate but a re-mortgaging valuation tool.
84
Who formed the EWS1?
The RICS and mortgage lenders jointly formed the EWS1
85
Why was the EWS1 formed ?
as a way of mortgage lenders
assessing the external wall safety of buildings over 18m in height.
86
When was the First Safety Act introduced?
March 2020.
87
What significant aspect does the First Safety Act introduce?
Significant legal obligations for organisations deemed to be responsible persons.
88
What previous legislation does the First Safety Act update?
The Fire Safety Order 2005.
89
What is the main focus of the First Safety Act?
To amend the Fire Safety Order to clarify its application to the structure, external walls, and attachments such as doors, windows, and cladding.
90
What issue under the previous regime does the First Safety Act address?
It clarifies who is responsible for fire safety compliance for building elements like external walls and cladding.
91
Who is now responsible for taking fire safety precautions under the First Safety Act?
Owners, landlords, and managing agents of multi-occupied residential buildings.
92
What actions are required of responsible persons under the First Safety Act regarding dangerous cladding?
They must identify and remediate any dangerous cladding and introduce interim measures to ensure safe occupancy.
93
Tell me more about Incorporating the Levitt Report Recommendations within the RICS Business Plan for 2024?
- Enhance openness and transparency with members and the public
- Improve transparency in operations, decision-making, and finances
- Implement new internal whistleblowing arrangements
- Review senior executive reward structures
94
What are the four aim topics and aims highlighted within the RICS Business plan for 2024?
- Incorporating the Levitt Report Recommendations
- Immediate Financial Priorities
- Corporate Objectives
- Geographic Priorities
95
Tell me more about Incorporating the Geographic Priorities within the RICS Business Plan for 2024?
_ Greater China is RICS' largest strategic market outside the UK.
Other notable markets include India, North America, the Middle East, Europe, and Australia.
- These markets are attractive due to their focus on inward investment and significant infrastructure spending commitments.
96
Tell me more about Incorporating the Immediate Financial Priorities within the RICS Business Plan for 2024?
- Support the profession during economic recovery from Covid-19 while minimizing subscription cost increases.
- Use surplus cash to repay furlough money received from the UK's Coronavirus Job Retention Scheme.
- Reduce reliance on external financial support.
- Address the funding deficit in the closed Final Salary Pension Scheme.
97
Tell me more about Incorporating the Corporate Objectives within the RICS Business Plan for 2024?
- Ensure RICS qualifications remain relevant and in demand for future generations.
- Increase member engagement and participation in RICS communities beyond subscription renewals.
- Enhance recognition as a sustainable, modern professional body with improved financial sustainability and transparent governance.
- Improve overall member satisfaction and staff engagement.
98
What is rule 2 of the new rules of conduct?
Rule 2. Members and firms must maintain their professional competence and ensure that services are provided by competent individuals who have the necessary expertise.
99
Who is the current RICS President as of January 2023?
Ann Gray FRICS.
100
What is Ann Gray's role as RICS President?
She acts as the key ambassador responsible for helping to deliver RICS’ goal of creating positive social impact in the built environment.
101
What is Ann Gray's core specialism and experience?
Real Estate advisory with 25 years of leadership experience.
101
Who is the President Elect of RICS?
Tina Paillet FRICS.
102
When did the new rules of conduct takeplace?
2nd February 2022
103
What is Tina Paillet's role within the Presidential Team?
She works to advance strategic goals and create positive impact, particularly in the field of sustainability.
104
How many new rules of conduct are there ?
5 rules
105
What is rule 1 of the new rules of conduct?
Rule 1. Members and firms must be honest, act with integrity and comply with their professional
obligations, including obligations to RICS.
106
What is rule 3 of the new rules of conduct?
Rule 3. Members and firms must provide good-quality and diligent service.
107
What is rule 5 of the new rules of conduct?
Rule 5. 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.
108
What is rule 4 of the new rules of conduct?
Rule 4. Members and firms must treat others with respect and encourage diversity and inclusion.
109
110
111
What should RICS Members and firms avoid to adhere to Rule 1?
They should not allow themselves to be influenced improperly through the acceptance of work referrals, gifts, or hospitality.
112
What is an example of a conflict of interest for RICS Members and firms?
Being friends with a Main Contractor who has been selected to submit a tender, leading to reduced impartiality.
112
What must RICS Members and firms be sure to identify and avoid, in accordance to rule 1 ?
They must identify conflicts of interest and not provide services or advice where these conflicts occur.
113
What must RICS Members and firms ensure to comply with Rule 2?
They must only act for clients where they have the necessary knowledge, skills, and resources to carry out the work competently.
114
What should firms do to ensure compliance with Rule 2 when delegating work?
Firms must supervise any employees or subcontractors undertaking work on their behalf.
115
Why would asking a Junior Surveyor to undertake a complex valuation create compliance problems with Rule 2?
Because it may not align with the requirement to have the necessary knowledge, skills, and resources to carry out the work competently.
116
Who should undertake a complex valuation to ensure compliance with Rule 2?
An experienced and suitably qualified surveyor should undertake the valuation.
117
What must RICS members or regulated firms understand before acting on a client's behalf to comply with Rule 3?
They must understand the client's project-specific requirements.
118
In terms of rule 3 what should be agreed upon before signing formal terms of engagement?
The client's scope of services, any exclusions, and timescales for achieving each of the deliverables should be agreed upon.
119
Why is it important to understand the client's project-specific requirements?
To ensure compliance with Rule 3 and to provide appropriate and effective service.
120
What does Rule 3 require regarding the client's scope of services?
The scope of services should be clearly defined and agreed upon, including any exclusions and timelines, before formal engagement.
121
What does Rule 4 of the RICS expect its members to respect?
The rights of others and to treat others with courtesy.
121
What types of discrimination should RICS members and firms work to eliminate in terms of rule 4?
Discrimination based on age, disability, gender, pregnancy, race, religion, or sexual orientation.
122
In line with rule 4 what should RICS members and firms ensure regarding treatment of individuals?
That everyone is treated fairly and without discrimination.
123
What type of policy should RICS members and firms adopt regarding bullying or harassment in regards to rule 4?
A no-tolerance policy.
124
What are members and firms required to do if they suspect practices and decisions are not right aligning with rule 5 ?
They must question such practices and decisions and raise concerns with colleagues, senior management, clients, or the RICS.
125
What must members ensure when making public statements as per rule 5?
They must ensure these statements do not undermine public confidence in the profession.
126
How should complaints be handled with rule 5 in mind?
Complaints should be dealt with promptly, openly, and professionally.
126
What is a useful sense check for ensuring compliance with Rule 5?
Ask if we would be comfortable standing behind our actions if they were brought into the media or a public forum.
127
What are the 3 professional obligations of RICS members?
1. Members must comply with the CPD requirements set by the RICS which requires 20 hours
of CPD for each calendar year, 10 hours of which must be formal CPD.
2. Members must cooperate with RICS.
3. Members must promptly provide all information reasonably requested by the Standards and
Regulation Board, or those exercising delegated authority on its behalf.
127
Why did the previous Rules of Conduct change?
Duration: The previous rules had been in place since 2007.
Consultation: Research and consultation with RICS Members, Firms, and the public showed majority support for change.
Clarity: To provide a single document for greater clarity for RICS members and firms.
Focus: Increased emphasis on clearer example behaviors, understanding evolving technology, and tackling climate change.
127
Talk us through your understanding of the changes of the rules of conduct?
The Rules of Conduct October 2021 Global Practice Statement will overhaul the previous
separate documents:
o Rules of conduct for Members.
o Rules of Conduct for Firms.
o Global Professional and Ethical Standards.
o Appendix A of the Rules of Conduct now contains the professional obligations of
Members and Firms.
128
What are the 7 professional obligations of firms?
1. Firms must publish a complaints-handling procedure, which includes an alternative dispute
resolution provider approved by RICS, and maintain a complaints log.
2. 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.
3. 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.
4. Firms must cooperate with RICS.
5. Firms must promptly provide all information reasonably requested by the Standards and
Regulation Board, or those exercising delegated authority on its behalf.
6. 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.
7. Firms must report to RICS any matter that they are required to report under the Rules for the
Registration of Firms.
129
What is COP26?
COP26 is the most recent annual UN climate change conference.
130
What does COP stand for?
COP stands for Conference
of the Parties,
131
Who attended the COP26 ?
the countries that signed the United Nations
Framework Convention on Climate Change (UNFCCC)
132
When did the United Nations
Framework Convention on Climate Change (UNFCCC) treaty come into force?
1994
133
how long was the COP26 conference?
2 weeks
134
Why was the COP26 conference seen as a critical moment for commitments and action?
Because after richer nations had failed to raise the $100bn annual climate funding they had promised to vulnerable countries and the gap to staying below 1.5C loomed large.
135
What was agreed for the first time at the COP conference?
an explicit plan to reduce use of coal which is
responsible for 40% of annual CO2 emissions.
136
what did some African and Latin American Countries feel about the progress of the COP26 agreement?
Felt not enough progress was made.
137
what other 4 main things were agreed at the COP conference ?
1. Phase down coal
2. Increase money to help developing countries cope with the effects of climate change and make the switch to clean energy.
3.The prospect of a trillion dollar a year fund from 2025 onwards
138
How does the COP conference relate to the Paris agreement
At the COP 21 meeting in Paris in 2015, the Paris Agreement was formed.
And the COP discusses how each nation is progressing
against the original Paris Agreement.
139
Where did COP 27 take place?
COP27 took place in Sharm El Sheikh, Egypt
140
What was agreed at COP27?
A new loss and damage fund was agreed for the first time where richer countries that have still
not delivered on previously agreed targets will be required to provide $100bn per year to the
countries most in need.
140
What did COP27 highlight?
Highlighted the countries mostly affected by
‘loss and damage’ of extreme weather.
141
What was there a large focus on at COP27?
There was a large focus on paying for the damage caused by climate change however many
delegates thought that not enough emphasis on mitigation strategies were discussed.
142
What was seen as a failure by many leaders at the COP 27?
Key targets such as ensuring that carbon emissions peak before 2025 and the phasedown of fossil fuels did not form part of the agreed text which was seen by many leaders as a failure.
143
Please explain your understanding of Green mortgages?
A mortgage that rewards someone for buying or owning an energy efficient home by offering favorable terms than as standard.
144
What do Green mortgages typically result in ?
Typically result in lower interest rates or receiving cashback when you take out the mortgage.
145
What is Urban greening factor?
The urban greening factor is a tool that evaluates and measures the amount of urban greening (vegetation cover and planting around buildings)
146
What does the urban greening factor aid ?
aid the appropriate planning of greening on
future developments.
146
What is the aim of the urban greening factor?
The aim is to increase the amount of green cover around buildings and support its consideration at the design and outset of developments.
147
What is the urban greening factor target score for residential developments in London ?
0.4
148
What is the urban greening factor target score for commercial developments in London ?
0.3
149
What prompted the commissioning of the Levitt Report by the RICS?
A Treasury management audit in 2018 that revealed the need to extend the overdraft facility by circa £3m due to inaccurate cashflow forecasting.
150
Who commissioned the Levitt report ?
RICS
151
What was the outcome of the treasury management audit for the RICS?
It offered a ‘no assurance verdict’ on RICS internal financial control procedures.
152
What internal issue did the Levitt Report highlight within the RICS?
An internal power struggle due to its two-board structure, consisting of a Management Board and an Executive Board.
153
What must operators of heat networks do under the Heat Network Regulations?
They must submit notifications for the heat networks they operate and install metering devices on those networks.
153
What did the Levitt Report find regarding improper or illegal conduct?
No evidence of improper or illegal conduct was discovered.
154
What were the 4 key recommendations of the Levitt Report?
1. Greater oversight by the RICS Governing Council over internal dealings.
2. Briefing of the RICS Governing Council by the Management Board rather than a single CEO.
3. Oversight of executive management bonuses by the RICS Governing Council.
4. Increased transparency and involvement of the management board in rectifying treasury issues.
155
What is embodied carbon?
Embodied Carbon refers to the carbon emissions generated as a result of energy consumption
and chemical processes during the extraction, manufacture, transportation, assembly, replacement
and deconstruction of construction materials or products.
156
To whom do the Heat Network Regulations apply?
They apply to any entity supplying heating, cooling, or hot water via a heat network.
156
What is the primary aim of the Heat Network Regulations?
To improve energy efficiency in domestic and commercial buildings.
157
in construction terms what is embodied carbon?
In construction terms, embodied carbon is the resultant emissions from all the activities involved
in the creation and demolition of a building less the operational carbon impact.
158
When were the Heat Network Regulations amended?
In November 2020.
158
What is the purpose of the Heat Network (Metering and Billing) Regulations?
To increase energy efficiency and reduce carbon emissions associated with heating through the installation of metering and billing devices based on consumption.
159
How do the Heat Network Regulations aim to reduce energy use and consumer bills?
By installing metering and billing devices that base billing on consumption, thereby encouraging reduced energy use and lowering consumer bills.
159
How do the Heat Network Regulations support customers?
They support fair and transparent billing for customers.
160
What did the 2020 amendments to the Heat Network Regulations introduce?
The amendments introduced building classes that require some heat suppliers with unmetered networks to install metering devices in the buildings they serve.
161
What are the three building classes introduced by the 2020 amendments to the Heat Network Regulations?
o Viable – meters must be installed.
o Open – meters must be installed if the result of a cost-effectiveness assessment is
positive.
o Exempt – meters do not have to be installed.
162
When was the RICS futures report launched?
2015
163
What is the RICS Futures Report?
the RICS Futures Report highlights key trends such as urbanization, the impact of big data and technology, and the climate crisis as major challenges to the property and construction industries.
164
What is the aim of the RICS Futures Report?
The report aims to ensure that the surveying profession is prepared to act in the public interest in addressing global challenges.
165
How has RICS engaged with its members since the 2015 Futures Report?
RICS has analyzed trends by engaging with the profession to keep members informed on how to address key challenges.
165
What significant finding about data usage in the construction industry was highlighted in the 2020 Futures Report?
Construction produces the second-largest amounts of data behind financial services, but it is estimated that 95% of this data is currently wasted. RICS is setting up an innovation and technology hub to help utilize this data effectively.
166
What challenge related to urbanization in China was highlighted in the 2020 Futures Report?
The rapid formation of mega-cities in China has led to polluted, congested, and expensive urban areas. RICS encourages members to adopt a more sustainable approach by developing outer urban areas.
167
How is RICS addressing the increased use of drones in the industry?
RICS has developed online courses to support surveyors in using drone technology efficiently, safely, and legally, considering compliance issues and current and emerging regulatory trends.
168
What steps is RICS taking to help members with data management in the construction industry?
RICS is establishing an innovation and technology hub to provide expertise on how data can be effectively utilized.
169
What is the RICS's approach to addressing the challenges of rapid urbanization in China?
RICS encourages a sustainable development approach by utilizing outer urban areas to mitigate issues of pollution, congestion, and high costs in mega-cities.
170
Are you aware of any RICS Guidance covering the use of drones?
Yes the RICS has produced ‘Drones: applications and compliance for surveyors’.
171
what does the RICS guidance on drones provide?
This provides advice on the different types of drones available, how they can be applied within
the industry and advice on current industry legislation.
172
What legislation applies to drone operators in the UK?
The use of drones in the UK is covered under several pieces of legislation including the
Air Navigation Order (ANO) 2016,
Air Navigation (Amendment) Order 2018,
Data Protection Act 2018, and
Aviation and Maritime Security Act 1990.
173
Why are regulators currently in catch-up mode regarding drone legislation in the UK?
Regulators are in catch-up mode due to the rapid evolution of drone technology.
174
What are the general aviation rules that drone operators must be familiar with?
General aviation rules specify that a person must not recklessly or negligently act in a manner likely to endanger an aircraft or any person in an aircraft, and must not cause or permit an aircraft to endanger persons or property.
175
What must commercial drone operators obtain before conducting operations in the UK?
Commercial drone operators must have a PfCO (Permission for Commercial Operations) issued by the Civil Aviation Authority (CAA).
176
Which legislative act focuses on endangering aircraft or people in aircraft?
The Air Navigation Order (ANO) 2016 and its amendments, along with general aviation rules, focus on preventing reckless or negligent acts that endanger aircraft or people in aircraft.
177
What does the Data Protection Act 2018 regulate in relation to drone operations?
The Data Protection Act 2018 regulates the protection of personal data, which is relevant for drone operations that involve capturing images or data that could include personal information.
178
Why is it important for surveyors to be familiar with drone regulations?
Surveyors need to be familiar with drone regulations to ensure compliance with safety, privacy, and operational guidelines, and to avoid endangering persons or property.
179
What are the three different types of drones that are you aware of?
1. Drones with mounted optical cameras
2. Drones with thermal or heat detection sensors
3. LiDAR Airborne laser scanning technology
180
What does inclusive design aim to do ?
Inclusive design aims to ensure that the differences in the way people use the built and natural environment can be accommodated for through dignified, equal and intuitive use by everyone.
181
Whos responsibility is inclusive design?
Inclusive design is the responsibility of everyone who works in the built environment: planners, those who commission new buildings and places, access consultants, designers, architects, engineers, surveyors, property owners and facilities managers.
182
What is the Williams vs Network Rail Japanese knotweed case law about?
In 2018, claimants Mr. Williams and Mr. Waistell pursued damages from Network Rail due to Japanese Knotweed encroachment onto their adjacent properties in South Wales.
182
What did Danny Medcalf FRICS and RICS Trainer for Rules of Conduct, Ethics and Professional Practice advise?
o “Whether it is a building, a car park, a football stadium, or any other part of the built environment, the key thing is that the space must promote intuitive and inclusive use,”
o “This means it has to be both welcoming and easy for people to use, regardless of their age, status, gender, physical or mental ability and all other individual characteristics.”
183
What did the claimants request from Network Rail in the Williams vs Network Rail case?
The claimants requested that Network Rail treat and eliminate the Japanese Knotweed on their land and pay them damages under various heads of claim.
184
Why is the Williams vs Network Rail case significant?
The court ruled that Japanese Knotweed infestation caused a loss of quiet enjoyment of the claimants' property, impacting their property value significantly and potentially affecting other homeowners in a similar position.
185
How does Japanese Knotweed affect mortgage lending?
Mortgage companies are cautious about lending against properties with Japanese Knotweed within seven meters of the boundary due to its invasive nature and potential impact on property value.
186
What is the impact of the Williams vs Network Rail case on surveyors?
This case highlights the importance for surveyors to be vigilant about the potential presence of Japanese Knotweed on adjacent boundaries and to ensure that associated risks are appropriately disclosed in surveys and marketing literature.
187
What is the domestic reverse charge?
The domestic reverse charge, introduced in October 2020, is a new VAT charging mechanism for suppliers and subcontractors in the construction industry.
188
How does the domestic reverse charge change VAT payments?
Under the domestic reverse charge, Main Contractors no longer make VAT payments to their supply chain; instead, they pay VAT directly to HMRC.
189
What is the impact of the domestic reverse charge on suppliers and subcontractors?
Suppliers and subcontractors no longer receive the 20% VAT value on invoices, as they did previously. This eliminates the temporary financing aspect where suppliers held onto VAT payments before remitting them to HMRC.
190
What effect has the domestic reverse charge had on the construction industry?
In the short term, the reverse charge has resulted in a reduction in cashflow for suppliers and subcontractors.
191
How might the domestic reverse charge impact prices in the construction industry in the long term?
In the long term, prices within the construction industry may increase as suppliers seek to recover the shortfall caused by the reduction in cashflow. Alternatively, they may resort to short-term borrowing arrangements, incurring additional costs.
192
What is the purpose of the RICS Black Book documents?
The RICS Black Book documents provide best practice guidance and knowledge for Quantity Surveyors, covering complex areas such as Acceleration, Contract Selection, Cashflow Forecasting, and Cost analysis.
193
What is the current focus of the RICS regarding the Black Book documents?
The RICS is currently undertaking a review to update the Black Book content, aiming to produce a new edition with improved presentation and navigation.
194
Why have several of the Black Book publications been withdrawn?
Several Black Book publications have been withdrawn due to changes in contracts, legislation, and case law, rendering them out-of-date.
195
What impact has the conflict in Ukraine had on the UK Property & Construction industry?
The conflict in Ukraine has led to significant energy price increases due to Europe's high dependency on Russian gas and oil.
196
How has the conflict affected the cost of production of building products?
The conflict has caused an increase in the cost of production of building products that require high energy input, such as steel, bricks, plastics, and ceramics.
197
What are some of the broader effects of the conflict on the construction industry?
The conflict has intensified an already turbulent market, compounded by factors like Brexit, Covid-19, industrial strike action, rising energy and fuel costs, and inflationary pressures.
198
What potential impacts may arise from the conflict in Ukraine on construction projects?
Impacts may include delays and disruptions caused by shortages of materials and goods, leading to delivery delays, cost overruns, and possible disputes over suspension or termination rights.
