Ethics

Question 1

What is a conflict of interest?

Answer 1

• Anything that impedes someone to act imperial and in the best interest of a client
• Acting for two competing developers

Question 2

What is modern slavery?

Answer 2

• Exploitation of people for personal gain.
• forcing people to work against their will.

Question 3

What is money laundering?

Answer 3

Illegal process of making money sourced from illegals activity appear to come from a legitimate source

Question 4

What is a bribe?

Answer 4

A negatively viewed reward offered for someone’s personal gain/motive

Question 5

What are the CPD requirements for members?

Answer 5

• minimum 20 hours each year
• 10 formal
• must maintain relevant understanding of RICS standards

Question 6

What are the sanctions if members don’t comply to CPD requirements?

Answer 6

• Warning
• Warning and fine
• Fine and expulsion

Question 7

What is the RICS document outlining conflict of interest?

Answer 7

Conflict of interest RICD professional statement, March 2017.

Question 8

What is the UK bribery act 2010?

Answer 8

-Covers criminal law relating to bribery.
- principles include: proportionality and top level commitment.

Question 9

What are the consequences of not complying to the bribery legislation?

Answer 9

Maximum penalty of 10 years in prison and unlimited fine.

Question 10

What are the RICS global rules of conduct?

Question 11

What are the CPD requirements for non-members?

Answer 11

• 48 hours
• 24 must be formal

Question 12

What makes CPD formal and informal?

Answer 12

Formal - structured learning that has clear learning objectives
Informal - self managed learning that is relevant to your professional role

Question 13

What is the role of the RICS?

Answer 13

• provide best practice
• provide guidance
• ………..

Question 14

What do you want to give back to the RICS?

Answer 14

• I would like to be part of giving best practice and guidance to upcoming surveyors
• keep up the god tier status of the organization
• become a supervisor, counselor and 1 day an assessor.

Question 15

What is lion-heart?

Answer 15

Independent charity run by the RICS

Question 16

RICS motto

Answer 16

‘est modus in rebus’ - measure in all things

Question 17

Why do I want to be a member of RICS?

Answer 17

• Obtain elite professional status, guidance and training
• promote best practice to others
• benefits clients

Question 18

What tool is available to help make ethical decisions

Answer 18

Decision tree