RICS Background Info

Question 1

What is the RICS motto?

Answer 1

EST modus in rebus - There is measure in all things!

Question 2

What is the mission statement of the RICS?

Answer 2

1. To qualify and equip members to offer the highest standards of professional services
2. To promote and enforce standards
3. To lead solutions to the major challenges facing the built environment through professional expertise

Question 3

When was the RICS founded?

Answer 3

1868

Question 4

How is the RICS structured?

Answer 4

1. Founded in 1868 with Royal Charter granted 1881
2. RICS is self regulated and internally monitored meaning not regulated by Government or external parties
3. Bye-Laws determine how the RICS is regulated
4. The Goverming council manage and agree the strategy for the RICS
5. The regulatory board, audit committee and management board beneath the governing council execute the strategy set out by them.

Question 5

What are the current membership numbers of the RICS?

Answer 5

113k worldwide

Question 6

What are the levels of membership?

Answer 6

FRICS
MRICS
AssocRICS
Student

Question 7

Who is the president (2025)?

Answer 7

Nicholas Maclean after Justin Sullivan stepped down.

Maureen Ehrenberg is president elect.

Question 8

What is the purpose of CPD?

Answer 8

Continuing professional development.

Question 9

What are the fellowship requirements?

Answer 9

4 fellowship characteristics
- 5 years experience
- Leadership role
- Technical / academic achievement
- Raising profile of the RICS

Question 10

What is the role of the RICS?

Answer 10

1. To maintain highest standards of education and training
2. Protect consumers through strict regulation and professional standards
3. Be the leading source of information and independent advice on relevant issues.