RICS

Question 1

What is the Royal Charter?

Answer 1

1. Awarded in 1881 by Queen Victoria to “maintain and promote the usefulness of the profession for the public advantage
2. The Charter means that important changes to the constitution - its byelaws - must be ratified by the UK Government, through the Privy Council

Question 2

Where are the RICS International Headquarters?

Answer 2

12 Great George Street, Parliament Square, London

Question 3

What is the motto of the RICS?

Answer 3

“Est Modus in Rebus” - there is measure in all things

Question 4

What is the RICS?

Answer 4

1. Royal Institute of Chartered Surveyors
2. The worlds leading professional status in land, real estate, infrastructure and construction
3. One of the most respected and high-profile international institutions that offers advice on property, construction, project management, dispute resolution and environmental issues to various clients and the public

Question 5

What is the role of the RICS?

Answer 5

Four main roles;
1. Regulate and promote the profession

2. Maintain the highest educational and professional standards
3. Protect clients and consumers though a strict code of ethics and professional standards
4. Provide impartial advice, analysis and guidance

Question 6

What is Lionheart?

Answer 6

Charity which is independent to the RICS, run by RICS Members to provide support and advice to current and past members

Question 7

What was the Carsberg Report 2005?

Answer 7

Thorough internal and external review of the regulation of RICS

Question 8

What are the 5 RICS principles of better regulation?

Answer 8

1. Accountability
2. Consistency
3. Proportionality
4. Targeting
5. Transparency

Question 9

What are the benefits for RICS membership / Why do you want to be an MRICS?

Answer 9

1. Global recognition and be part of an international community offering invaluable networking opportunity and guidance
2. Elite professional status
3. Technical resources to support my profession
4. Benefit to our clients

Question 10

Who is the Privy Council?

Answer 10

The Privy Council grants and awards the Royal Charter

Question 11

Can you give me an overview of the RICS Governance structure?

Answer 11

1. Privy Council
2. Governing Council
3. Regulatory Tribunal
4. Standard and Regulation Board
5. Management Board
6. Audit, Risk Assurance and Finance Committee
7. Nominations and Remuneration Committee

Question 12

Can you give me an overview of the RICS Governance structure?

Answer 12

1. Privy Council
2. Governing Council
3. Regulatory Tribunal
4. Standard and Regulation Board
5. Management Board
6. Audit, Risk Assurance and Finance Committee
7. Nominations and Remuneration Committee
8. Words Regional Board and Market Advisory Panels

Question 13

Who is the Governing Council?

Answer 13

The governing council set strategy, direction and manages the Royal Charter obligations

Question 14

What is a Bye-law?

Answer 14

Allows the RICS to self-regulate

Question 15

What is the RICS Matrics?

Answer 15

RICS Matrics aims to help those who have just joined the profession by providing a network for those to connect between providing training opportunities to students, trainees and those newly qualified

Question 16

Who is the RICS President?

Answer 16

Clement Lau

Question 17

How many members of the RICS are there?

Answer 17

RICS has 140,000 members who operate out of 146 countries