Mandatory Professional Obligations/Penalties Flashcards
(19 cards)
What are the RICS obligations for members?
- Comply with CPD requirements
- Cooperate with the RICS
- Provide information requested by the Standards Board
What are the RICS obligations for firms?
- Publish a CHP and maintain complaints log
- Ensure appropriate PII
- If a sole principle, arrange for their professional work to continue in the event of their death or absence
- Cooperate with RICS
- Provide information requested by the Standards board
- Display they are regulated by RICS
- Report any relevant matters to RICS under Rules for the Registration of Firms
What must RICS firms ensure regarding insurance?
Appropriate PII and for sole principles, arrangements for their professional work to continue in the event of their death or absence
PII stands for Professional Indemnity Insurance.
What should RICS firms arrange for in the event of their death or absence?
Professional work to continue
This ensures continuity of service for clients.
What must RICS members display?
They are regulated by RICS
What is the first step in the RICS Ethics Decision Tree?
You have sufficient facts
What is the purpose of RICS Disciplinary Procedures?
To protect the public and uphold public trust and professional standards
Who undertakes the Disciplinary Procedures?
The Standards and Regulation Board
What triggers the Disciplinary Procedures?
A complaint to the RICS, an allegation by a client/third party because of information received or established by the RICS
What are the three levels of disciplinary action?
- Action by Head of Regulation
- Disciplinary Panel
- Appeal Panel
What happens in the initial investigation stage of disciplinary procedures?
Investigation by the Head of Regulation of the RICS
What is a Fixed Penalty used for?
Breaches of the rules of supply of info to RICS
When is a Regulatory Compliance Order used?
For minor rule breaches and non-compliance with RICS Rules
What are potential penalties from a Disciplinary Panel?
- Reprimand
- Unlimited fine per breach
- Expulsion of member or firm from RICS
What is the role of the Appeal Panel?
To consider an appeal by member or firm on old and new evidence
What year did RICS issue guidance on the use of social media?
2021
What type of social media activity is RICS unlikely to investigate?
Critical of an organisation using professional and respectful language
What type of concerns about social media activity might RICS investigate?
- Discrimination
- Dishonesty
- Abuse
- Bullying
What is a Regulatory Compliance Order?
A written document which states the terms upon which the member or firm must take or desist from taking certain actions and an agreement to pay a fine.
