RICS in general Flashcards
(13 cards)
What is the role of RICS?
Ensuring all members hold the highest ethical standard.
Protects and provides benefits to consumers by enforcing standards and best codes of practice.
Promoting RICS status and standards.
What is the Royal Charter?
Royal charter requires RICS to promote the usefulness of the profession for the advantage of the UK public.
Where is RICS headquarters in London
Great George Street, Parliament Square.
What is the RICS motto?
Est Modus in Rebus…. There is measure in all things.
What is Lionheart?
An independent charity run by RICS professionals for RICS professionals.
Why do you want to be a chartered surveyor?
RICS is globally recognised
I will be promoting best practice in the profession
It confirms my professional status and provides guidance information and support.
What is RICS MATRICS?
Support for early surveyor careers, runs networking events etc.
Can you give me an overview of the RICS governance structure.
Governing council - responsible for approving RICS strategy and overseeing delivery of strategy.
RICS board - Audit, risk, finance committee, Knowledge and practice committee
Standards and regulation board - Assessment committee, Dispute resolution, CPD framework group.
What is the role of the standards and regulation board?
Has exclusive responsibility for exercising RICS regulatory functions. Oversees the activities of RICS professional standards entry and admission.
The board is independently led and is accountable to the governing council but not dictated by the governing council.
Can you explain the Levitt Review?
The Levitt review looked into action by RICS. It identified a lack of clarity in the roles and responsibilities creating a power struggle. Suggested a further review be carried out into the RICS structure.
What is the Bichard Review?
Bought about following the Levitt review that identified a lack of clarity around roles. Recommended :
- increase focus on public interest- public interest panel to advise governing panel.
- maintain self regulation through greater independence for regulatory functions.
- Diversity and inclusion committee
- Reconstruction of the governance structure more clear and accountable.
What are RICS professional standards and can you name some?
Standard must be followed by RICS members: Such as
Rules of conduct
PI
use of social media
Rules for registration of firms
conflicts of interst
Client money handling
What is practice information
Tendering stratergies
change control
Employers agent d&b
