Ethics plus examples

Question 1

Example of acting for the public good

Answer 1

Building Safety Act - ensure safety of residential occupiers

Ensure properties are complaint with H&S

Keeping up to date with legislation and continuing my learning to ensure I can correctly/confidently inform and advise my client and serve the public

Ensure property complies with sustainability targets such as potential upcoming EPC legislation

Question 2

Example of acting honestly

Answer 2

Retail unit solicitor

Question 3

New RICS document categories

Answer 3

New RICS document categories

RICS is in the process of reviewing its standards portfolio because the Standards and Regulation Board wants to ensure that RICS standards and advice documents are up-to-date and easy to use.

We have simplified our document structure so that all documents fit into two categories:

Professional standards
These are the documents which set requirements for competent and ethical practice e.g. our existing professional statements and guidance

Practice information
These documents provide advice or practice support to RICS members and firms.

Question 4

RICS Core Material:

RICS Professional Standards vs Practice Information

Answer 4

There are two new categories of core material that will replace the status of all current RICS core material, to include International Standards, Codes of Practice, Professional Statements and Guidance Notes.

RICS Professional Standards:

• The RICS is in the process of reviewing and re-categorising all current Professional Statements to become Professional Standards
• Mandatory to follow
• Set requirements or expectations for RICS M&F about how to provide services or the outcome of their actions
• Mandatory requirements must be followed and best practice advice should be followed

RICS Practice Information:

• This is information to support the practice, knowledge and performance of RICS M&F
• The advice is not mandatory and does not make explict recommendations
• RICS is in the process if reviewing and re-categorising all current guidance notes to become Parctice Infomation

Question 5

Professional Statements –> Professional Standards

Guidance Notes –> Practice Information

(Refer frequently to the RICS Website as they are recatorgosing

Answer 5

• The RICS is in the process of reviewing and re-categorising all current Professional Statements to become Professional Standards

–> E.G Service charges in commercial property was REISSUED in September 2023 as a professional standard.
It had previously been published in September 2018 as a professional statement

• RICS is in the process if reviewing and re-categorising all current guidance notes to become Parctice Infomation