RICS - RICS body

Question 1

What is the role of RICS? (3)

Answer 1

1. Advancing ethical and technical standards in the built environment.
2. Protecting consumers by enforcing standards
3. Providing expert advice to the public.

Question 2

Where are RICS headquarters?

Answer 2

Parliament square

Question 3

What is the motto of RICS?

Answer 3

‘Est modus in rebus’ - there is measure in all things.

Question 4

What is Lionheart?

Answer 4

Independent charity run by RICS professionals, for RICS professionals.

Question 5

What is RICS matrics?

Answer 5

A division of RICS dedicated to recently qualified surveyors. Supports new members entering the profession, works with the RICS to shape future of surveying.

Question 6

What is the role of the Standard and Regulations board?

Answer 6

1. Had exclusive responsibility for exercising RICS regulatory functions.
2. Oversees entry and admission to the profession, education and qualification standards.
3. Independently led by members and non members of the RICS, reports to the governing council.

Question 7

Give me an overview of the RICS governance structure?

Answer 7

Governing council - approves RICS strategy and vision.

RICS Board - responsibility in delivering business plan and has oversight of operations.

Standards and regulation board - responsible for regulatory function, strategy, governance, policy

Question 8

What is the Levitt Review? Why was it commissioned?

Answer 8

Alison Levitt commissioned to conduct an independent review into historic treasury management and actions at RICS.

Question 9

What were the key objectives of the Levitt review? (3)

What were the key conclusions of the Levitt review? (3)

Answer 9

1. Consider the way in which the internal report was commissioned, dealt with and to determine whether there were shortcomings.
2. Consider whether shortcomings represented a failure of governance.
3. Make recommendations for the future.
4. Sound governance principles were not followed by the RICS.
5. Non exec board members concerns were legitimate and they were wrongfully dismissed from their roles.
6. A lack of clarity around the roles and responsibilities of the RICS board, leadership and management existed.

Question 10

Who is the president of the RICS?

Answer 10

President - Justin Sullivan (stepped down Mar 25)

Acting President - Nick Maclean

Question 11

What are the RICS ethical principles?

Answer 11

1. Honesty
2. Integrity
3. Competence
4. Respect
5. Responsibility

Question 12

What is the Bichard review and why was it commissioned?

Answer 12

A wide ranging examination of purpose, governance and strategy by an external reviewer following Levitt Review.

Aimed to clarify purpose of RICS