Client Care

Question 1

In what year was the RICS Professional Statement, Client Money Handling, 1st Edition, published?

Answer 1

2019

Question 2

What is the purpose of the RICS Professional Statement, Client Money Handling, 1st Edition, 2019?

Answer 2

The overall objective of this professional statement is that RICS members and RICS regulated firms understand their obligations to ensure:

• client money is kept safe
• client money accounts are used for appropriate - purposes only
• RICS-regulated firms have the appropriate controls and procedures to safeguard client money

In accordance with the RICS Client Money Protection Scheme Rules

Question 3

What are the two RICS Client Money Protection Schemes, and who must join them?

Answer 3

1. RICS Client Money Protection Scheme for Surveying Services
2. RICS Client Money Protection Scheme for Property Agents

All RICS Regulated Firms must join the relevant scheme

Question 4

SAY’s CPO?