Summary of Experience - Mentioned Statute and RICS guidance Flashcards
(22 cards)
Ethics, Rules of Conduct and Professionalism
RICS Rules of Conduct 2021
- Members and firms must be honest, act with integrity and comply with their
professional obligations, including obligations to RICS. - Members and firms must maintain their professional competence and ensure
that services are provided by competent individuals who have the necessary
expertise. - Members and firms must provide good-quality and diligent service
- Members and firms must treat others with respect and encourage diversity and
inclusion. - 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.
Ethics, Rules of Conduct and Professionalism
Bribery Act 2010
The four offences are
1. Bribing
2. Receiving a bribe
3. Bribing a foreign public official
4. Failing to prevent bribery
Based on six principles
1. Proportionality
2. Top level commitment
3. Risk assessment
4. Due diligence
5. Communication
6. Monitoring and review
Ethics, Rules of Conduct and Professionalism
RICS Professional Standard: Conflicts of Interest
Mandatory rules, best practice for managing conflicts of interest.
Appendix A: sample form for obtaining informed consent
Ethics, Rules of Conduct and Professionalism
RICS Professional Standard: Countering bribery, corruption, money laundering and terrorist financing.
This standard is now being reviewed (Feb - April 2025) and updated to address the evolving landscape of financial crimes, including emerging issues driven by the rise of new technologies such as artificial intelligence (AI) and the increasing use of digital currency.
Ethics, Rules of Conduct and Professionalism
GMW Anti-Bribery Policy
Not to accept or solicit any bribes
Client Care
GMW Complaints Handling Procedure
Complaints Handling Officer - John Stephenson
Written reciept confirmation within 7 days, outcome of internal investigation within 21 days.
If not resolved, Arbitration Service run by IDRS
GMW client care in TOE
Details on the GMW CHP, GMW firm liability amount/details,
Health and Safety
RICS Professional Standard: Surveying Safely 2nd Edition 2018
Responsibilities for RICS members and firms: knowing and understanding the health and safety risks
Risk management and evaluation
Appex A: Example audit template
Health and Safety
Health and Safety at Work Act 1974
Places responsibility on employers to ensure the health, safety, and welfare of their employees. It also protects the public from risks arising from workplace activities
Health and Safety
Health and Safety Executive - PPE at Work
Regulations (2022)
Statute regarding employers providing sufficient PPE for their employees
Data management
How is data stored and kept securely at GMW?
Stored on cloud based systems, password protected with 2 factor authentication
Data Management
Data Protection Act vs General Data Protection Regulation (GDPR)
GDPR is an EU wide piece of legislation, Data Protection Act focusses on UK
Data Management
UK GDPR
8 Individual rights under UK GDPR
1. Right to be informed
2. Right of access
3. Right to rectification
4. Right to erasure
5. Right to restrict processing
6. Right to data portability
7. Right to object
8. Rights to automated decision making and profiling (as undertaken by insurance companies)
Diversity and inclusion
Equality Act (2010)
Sets out 9 protected characteristics:
1. Gender reassignment
2. Sex
3. Sexual orientation
4. Age
5. Disability
6. Race
7. Religion or belief
8. Marriage and partnership
9. Pregnancy and maternity
Inclusive Environments
Part M of the Equality Act (2010)
Access to and use of buildings
Sustainability
BREEAM
The Building Research Establishment Environmental Assessment Method
* Voluntary assessment tool to rate environmental impact based on 9 weighted categories including:
1. Energy consumption
2. Water use
3. Transport links
4. Waste management
5. Health & wellbeing
Sustainability
MEES
Minimum Energy Efficiency Standards
government regulations in the UK that set a minimum energy efficiency level
landlords in England and Wales cannot let a private rented property with an Energy Performance Certificate (EPC) rating below E, unless they have a valid exemption. The government plans to raise the minimum standard to C by 2030
Sustainability
Document L of the Builing Regulations
Conservation of Fuel & Power
Measurement
RICS Property Measurement Professional Standard
(2nd Edition, 2018)
In the process of being updated
“During this interim period, RICS members and RICS regulated firms should adopt the appropriate measurement basis from IPMS: All Buildings or RICS’ Code of Measuring Practice”
Measurement
Code of Measuring Practice (6th Edition, 2015).
RICS Code of Measuring Practice 2015 (COMP) is a best practice document for all measurement exercises except for offices and residential properties. Bases of measurement GEA, GIA, NIA
“Following the publication of IPMS: All Buildings, please note this document is in the process of being updated.”
“During this interim period, when using the 6th edition of the Code, RICS members and RICS regulated firms should continue to adopt the appropriate measurement basis so as to satisfy the requirements of the instruction. The basis of measurement used should be documented.”
Measurement
IPMS 1 - 4
- IPMS 1: Measuring area of a building including external walls on a floor by floor basis – for planning or build cost purposes (GEA)
- IPMS 2: Measuring interior of the IDF include all areas available for direct use, measured to the IDF on a floor by floor basis - for agency and valuation purposes (GIA)
- IPMS 3: Measuring occupation of floor areas in exclusive use, same assumptions as IPMS 2 – also for agency and valuation purposes (NIA)
Must state IPMS 3.1 (external notional boundary) or 3.2 (internal notional boundary) - IPMS 4: IPMS for Selected parts of a building (hotel suite, hospital wing) measured to finished surface
Valuation
RICS Valuation Global Standards 2025
