APC - Anna Dujardin > 1. Ethics - (History - CPD) > Flashcards

1. Ethics - (History - CPD) Flashcards

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1
Q

When was RICS founded?

A

15th June 1868

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2
Q

Who gave the RICS Royal Charter?

A

1881 by the Privy Council

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3
Q

What does RICS stand for?

A

Royal Institution of Chartered Surveyors

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4
Q

When did RICS start?

A

Founded in 1868 with 48 members. First meeting was in 1872

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5
Q

How many members does RICS Have?

A

RICS has 142,000 members who operate out of 146 countries (112k qualified/30k trainee)

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6
Q

What are the key roles of the RICS?

A
  1. To maintain the highest standards of education and training.
  2. To protect consumers through strict regulations of professional standards.
  3. To be the leading source of information and independent advice on land, property construction and associated environmental issues.
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7
Q

Who is the RICS accountable to?

A

Both its members and the public.

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8
Q

What does the RICS do?

A

The RICS promotes and enforces the highest professional qualifications and standards in the development and management of land, real estate, construction and infrastructure’ (RICS 2020)

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9
Q

What are the four levels of RICS membership?

A
  1. FRICS
  2. MRICS
  3. AssocRICS
  4. Trainee / Student
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10
Q

What do you need to provide to apply to become a Fellow?

A
  1. Evidence of FOUR fellowship characteristics, either:
    Five or more years at MRICS
    A leadership role
    Professional / technical achievement
    Academic achievement
    Raising the profile of RICS
  2. A portfolio of professional achievement and CPD record
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11
Q

What are the five benefits of being a RICS member?

A

1) Status - Your professional credentials provide unrivalled client confidence.
2) Recognition - Promotion of your professional excellence to governments and markets.
3) Market advantage - RICS status and standards gives you a competitive advantage.
4) Knowledge - International practice standards, professional guidance, CPD & knowledge sharing.
5) Network - Access to professionals worldwide.

stupid reasons - might not know

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12
Q

What are the benefits of being an RICS regulated firm?

A
  • Confidence: commitment to standards and ethics via RICS Regulation & Rules of Conduct, ‘gold standard’ of quality control.
  • Professionalism: guarantee of professional training and experience, trust in profession.
  • Security: via Complaints Handling Procedure, PII, Conflicts of Interest, and Client Money.
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13
Q

Why do you want to become chartered ?

A
  • Gold standard in my profession
  • Offers guidance and support from RICS
  • Designation will help my career
  • I am committed to lifelong learning
  • I want to give back to the up and coming surveyors
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14
Q

What are RICS Bye Laws?

A

“Law of local or limited application made by an enabled body”.

RICS bye-laws = internal rules set by RICS to govern members

They sit below the Royal Charter but above professional standards or guidance notes, forming a key part of the legal and regulatory framework of RICS.

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15
Q

What are the RICS Bye-Laws?

A
  1. Application and definition
  2. Membership and Registration
  3. Designations
  4. Contributions to funds
  5. Conduct
  6. Governing Council, officers and staff
  7. Subordinate Boards, committees and groups
  8. Procedure for general meetings
  9. Accounts and audit
  10. General
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16
Q

Tell me more about the RICS Byelaw and give examples of one?

A

10 x byelaws in total.
BL4 is about financial contributions to RICS (Sets out obligations to pay subscriptions, fees etc)
BL5 is about Conduct (Sets out professional conduct obligations)

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17
Q

What is RICS motto?

A

EST modus in rebes - there is measure in all things.

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18
Q

Are there rules around using the RICS logo?

A

Only RICS members and firms.
Must include prescribed text in ToEs detailing meaning of being regulated.
Stricter rules came into effect in April 2020.

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19
Q

What is RICS Guidance on the Use of Social Media?

A
  • Updated guidance published in 2024, first published in 2021.
  • Same standards expected for RICS Members and Firms on social media platforms.
  • Updated guidance addresses what might be considered unacceptable or inappropriate sexual behaviour
  • RICS will investigate concerns about posts where they involve: discrimination, dishonesty, abusive or threatening behaviour, likely to cause significant harm etc
  • Unlikely to investigate posts which: are critical of an organisation rather than individuals, uses professional and respectful language, is removed if asked to do so.
    If potential to damage public trust in the profession, could pursue disciplinary action.
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20
Q

What is the RICS Registered Charity?

A

LionHeart - is an independent charity specifically designed for past, present and future RICS professionals and their families. To help them through difficult professional and personal times.

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21
Q

How is RICS Regulated?

A

RICS is self-regulated, which is guaranteed through its governance structure.

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22
Q

What are the RICS’ 5 principles of better regulation?

A

PACTT:

  • Proportionality → regulatory actions proportionate to risk posed.
  • Accountability → regulators answerable for decisions/ accountable to those they regulate.
  • Consistency → regulation applied fairly and predictably.
  • Targeting → focus on issues and risks that matter the most.
  • Transparency → reasoning behind decisions clear and open.

Embedded in how RICS a regulates it’s members and firms. Principles of how regulation should be designed applied and enforced.

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23
Q

What is the overall governance structure of RICS?

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A

Governing Council
RICS (management) board
Standards and regulations board
Audit Committee
Nominations and Remunerations Committee

A number of committees and boards sit underneath. RICS has 17 specialist groups covering property, land, and construction. Each group has a board and is responsible for outlining standards of competence and practice.

24
Q

What is the role of the Governing Council and how many seats does it have?

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A

Sets the global strategy and fulfils the Royal Charter - 28 Seats

25
What is the role of the RICS management board?
Delivery of business plan
26
What is the role of The Standard and Regulations Board?
Setting the standard and dealing with member firms and members who don’t comply with standards.
27
How many specialist groups are there and what is their role?
17. Specialist groups cover property, land and construction. Each group has a board and is responsible for outlining standards of competence and practice.
28
What is the role of the Audit, Risk Assurance and Finance Committee?
Monitor the integrity and effectiveness of financial reporting and internal control.
29
What is the role of the Nominations and Remuneration Committee?
Who’s appointed and how much they are remunerated
30
Governing Council Seats RICS?
RICS President RICS President Elect RICS Senior Vice President 6 Professional Group seats (Building Surveying and Building Control - vacant) 13 Geographic seats (Americas, Asia Pacific x 2, Europe, Middle East & Africa, UK & Ireland x 8) NextGen seat Senior Independent Governor Independent Member Appointed Member seats x 2
31
Who was meant to be the current President of RICS and when were they appointed?
Justin Sullivan - Jan 2025 (143rd President)
32
Why did the President of the RICS step down?
Justin Sullivan, the President of RICS, agreed to step aside in March 2025 due to concerns raised by a High Court judge over his conduct as an expert witness in a legal case involving a £32.5 million “moth infested mansion.” Justin Sullivan referred himself to RICS’s Standards & Regulation Board after a High Court judge criticised his conduct. The judge questioned his independence and objectivity, suggesting his evidence appeared to advocate for his client rather than provide impartial expertise.
33
Who was appointed interim President and then then President Elect and when?
* Nick maclean – was appointed interim President in March 25 * Maureen Ehrenberg – president Elect
34
Who is the current CEO of RICS and when were they appointed?
Justin Young - July 2023
35
How often does the President of RICS change?
The president of RICS serves a one year term starting on 1st Jan each year.
36
What was Justin Sullivan working on during his term?
During his term as president of the RICS, Justin Sullivan is focusing on addressing the acute skills shortage in the surveying profession and attracting a diverse next generation of professionals.
37
Who chairs the Governance Council
The President of the RICS
38
What was the Bichard Review and what was its purpose?
Review commissioned in 2022 after independent review by Alison Levitt in 2021. To: - Clarify purpose of RICS - Make recommendations to governing structure - Provide proposals for incoming leadership and governing body on future culture and strategy
39
How many recommendations did the Bichard Review make and in what seven key areas?
The Bichard review made 36 recommendations in 7 key areas, where were: 1. Public Interest: A renewed and increased focus on the public interest. 2. Self-Regulation: Maintaining self-regulation through greater independence from regulatory functions. 3. D&I: Increased focus on diversity and inclusion. 4. Regional Boards: Empowering and enabling members through greater support for regional boards. 5. 5-Year Review: Undertaking an independent review of RICS effectiveness of delivering against the Royal Charter, every 5 years. 6. Governance Structure: A new simplified, clear, accountable governance structure. 7. Leadership: Showing greater leadership on issues. people sometimes do really 5 year old goofy lessons
40
What is the Harris Debate
An annual debate organised by RICS providing a platform to address ethical concerns in the field of surveying and valuation. Name honours Jonathan Harris, former president.
41
What are the five future foundations following the Bichard Review?
1) Vision 2) Mission 3) Strategic goals 4) Values 5) A world class organisation SAVVM
42
Vision - The First Future Foundation
A natural and built environment that is sustainable, resilient and inclusive to all.
43
Mission - The Second Future Foundation
Inspire members, advance knowledge and uphold standards.
44
Strategic Goals - The Third Future Foundation
1. Lead and influence on sustainability. 2. Attract a diverse next generation. 3. Strengthen trust in the profession. 4. Enhance member value and engagement.
45
Values - The Fourth Future Foundation
Professional Inclusive Collaborative Ambitious PICA (picachu)
46
A World Class Organisation - The Fifth Future Foundation
An efficient, effective, and inspiring professional body that is easy to do business with.
47
What are the RICS Documents Categories? Why change?
* Replaced: Professional Statements, Guidance Notes, Codes of Practice. * Professional Standards → Mandatory requirements (‘must’) + best practice (‘should’); focus on competence and ethics. * Practice Information → Non-mandatory guidance; toolkits, checklists, research, technical advice. * Below this practice alerts. Why change? – The Bichard review
48
What is the difference between RICS professional standards and RICS practice information?
*Prof standard sets mandatory requirements or expectations for members and firms. E.g. conflicts of interest (reissued 2023) *Practice info supports the practice, knowledge and performance of RICS members. E.g. Value of natural capital, April 2017
49
What Are RICS Regulation Practice Alerts?
Regulation Practice Alerts are communications issued by RICS Regulation (part of RICS’s regulatory framework) to * Alert RICS members and RICS-regulated firms about emerging areas of risk or concern. * Remind members of their statutory and regulatory obligations * Provide an agile and immediate route to share regulatory information Influence professional practice
50
What is the RICS Ethics Decision Tree?
Framework of questions which members should ask themselves when they face an ethical dilemma or complex situation. Framework of consideration when facing potential unethical matter; 3 key stages: 1. Do I have enough information? o Is it illegal? o Is it in line with Rules of Conduct? 2. Peer review – is my decision appropriate? 3. ‘Press test’ – would social media etc make a story out of it. RICS Regulation Confidential Hotline offers further assistance.
51
What is the RICS External publication called?
Modus
52
What are RICS member and regulated firms CPD requirements?
* Minimum 20 hours CPD per annum. * Of 20 hours, 10 must be formal CPD * Relevant/current understanding of RICS Rules of Conduct every 3-years. Record CPD using RICS CPD Management System (RICS website)
53
What are the changes to CPD effect Jan 26?
* RICS standards and regulation board published updated RICS CPD framework in May 2025 – take effect Jan 2026. * Encourage members to undertake CPD that is relevant to their practice. * If complete training programme like Master’s degree, members can forward up to 15 CPD hours to next year. * Mandatory topics covered every 3 years (ethics, sustainability, and data, technology, and AI) * Members must declare CPD is relevant and fulfils obligations.
54
What is the difference between formal and informal training
Formal has a learning objectives and a defined learning outcome, i could reference the CPD decision tree for further guidance.
55
What is your CPD strategy ?
My CPD plan is dictated by my skills and or knowledge gap considering future requirements and sectors etc. I review my plan annually to confirm I am getting suitable and appropriate CPD to my role.
APC - Anna Dujardin
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