Why do you want to be a MRICS?
I want to become a member
- it provides recognised professional status that builds client confidence and
- demonstrates excellence to governments and global markets.
membership also offers:
-a strong market advantage as well as -up-to-date knowledge and guidance, and
*a worldwide professional network that supports continuous growth and opportunity.
CPD RICS?
- new CPD rules applicable to all members from Jan 2026
- mandatory topics
- 20h, 50/50 (diff is guidance)
- record by 31Jan following year
- min 30mins (but can combine)
- record digitally via RICS My Account
- if programme/ degree can carry forward 20h structured CPD across next 2 years
CPD - records
must include learning outcomes as well as reflections
Reflections to cover
-why this was undertaken - focus on current role and learning needs
-How it impact the prof development
-How it impacts the plans for next years CPD
Mandatory CPD topics?
- mandatory topics 1h structured each
- prof and ethical standards
- AI data and tech
- sustainability
What happens inf CPD not recorded or no declaration signed?
Could lead to administrative or disciplinary action against the member
CPD exemptions
Must complete full hours if exemption is less than 6m.
Request exemption before membership renewal/ 31 Jan
Types:
Exceptional hardship
Ill health
Retired
Not practicing
Raising children / unemployment
Why do you need to avoid conflict of interest?
To ensure there is nothing in the way of our professional duty to advise and act on behalf of our clients objectively without impacting other clients, other third parties and our interests. This helps maintain our integrity and the public confidence in the profession.
What is information barrier?
It is a tool used to manage conflict. This included separating physically and digitally two members of the firm who are acting on conflicting instructions.
What is party conflict?
This is when a client has conflicting interests with another client. When acting on behalf of two businesses with the same interest, ie two supermarkets
What is a own interest?
This is when a member of firm has conflicting interests with a client. This could be financial, commercial or personal. Ie payment of bigger fee if certain time frame is met
What is confidential information conflict?
When obligation to provide information to one client may conflict with the confidentiality agreement with another client
What is confidential information?
Private information which is required to be kept confidential unless required by law or consent has been obtained. Obligation is continuous and applies to past present and future instructions. ToE should ideally have a section to confirm confidential information can be shared where required by law or for PI reasons.
Why do we need RoC?
Professional ethics are important for practitioners as well as for clients and the wider public interest as they act as an anchor to appropriate behaviours. They ensure consistency and clarity irrespective of changing factors such as economy or local market conditions.
How do you act with honesty and integrity?
How do you maintain your professional competency?
Give an example of high standard of service?
I ensure I am fully briefed on what the instruction entails. I ensure that I am competent to carry out the instruction.
What is the legislation in relation to rules no 4? give me an example of how you uphold this standard
Equality Act 2010
Show consideration, courtesy and respect in my dealings.
What are the mandatory obligations for members under the roc?
__Members are required to record a min of 20h CPD each year.
__They must cooperate with RICS (if they ask you to do something, you have to do it - a copy of PII)
__Must provide all information reasonably requested by the SRB.
What are the prof obligation to RICS applicable to regulated firms?
—Publish CHP, containing ADR provider, and maintain complaints log
—All work is covered by adequate and appropriate PI cover
—Make appt arrangements if sole principal is unable to continue the work (death, absence from work)
— cooperate with RICS
— provide info to SRB
— display RICS logo on literature
— report to RICS any matter that is to be reported under the rules for the registration of firms
What are the necessary steps to set up a firm?
— need a locum (no need to be MRICS) - in case a sole principle is unable to continue the work
— PII
Insurance Cover / PII what does it do?
Protects members, clients and members of public.
—It protects us on occasions where there is a claim for negligence which will have financial consequences.
It is compulsory - all firms must maintain adequate and appropriate insurance cover, provided by a RICS approved firm
Minimum levers of cover
(Better to be over insured than underinsured)
Depend on firms turnover
Less than 100k = 250k
Between 100k and 200k = 500k
Over 200k = 1mil
Per claim - doesn’t incl defense costs unless stated in policy
What is a Run off cover? Give details
It’s an insurance cover which continues for Minimum of 6 years if the firm ceases to practice, Including reti re ment, selling the business, merging.
