RICS In General

Question 1

What is the Royal Charter?

Answer 1

• Awarded in 1881 by Queen Victoria
• The Royal Charter requires the RICS to promote the usefulness of the profession for the advantage of the UK Public and in other parts of the world.
• In practice, the Charter means that important changes to the constitution, its bye-laws - must be ratified by the UK Government, through the Privy Council.

Question 2

Where are the RICS International Headquarters located?

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

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

Question 5

What is the role of the RICS?

Answer 5

• Regulate and promote the profession.
• Maintain the highest educational and professional standards.
• Protect clients and consumers through a strict code of ethics and professional standards.
• Provide impartial, advice, analysis and guidance.

Question 6

What is Lionheart ?

Answer 6

• Lionheart is an independent charity run by RICAS professionals, for RICS professionals.
• Benevolent fund established over 100 years ago.
• Offers advice and in certain circumstances financial assistance.
• It is independent to the RICS.
• Provides support to current and past members of the RICS and their families.

Question 7

What is the Carlsberg Report ?

Answer 7

• Carlsberg was invited to carry out a review of the RICS regulatory framework.
• The reasons for wanting a review were both external and internal. Several reviews of other professional bodies suggested that public expectations had changed and there was some evidence that members were unhappy with some aspects of the RICS regulation.

Question 8

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

Answer 8

• RICS is the largest international property organisation in the world. By joining i will get global recognition and will become part of an international professional community.
• I will get elite professional status, guidance, information and support.
• Technical resources to support my profession.
• I will be part of promoting best practices in the profession.
• Benefit to clients.

Question 9

Can you give an overview of RICS Governance?

Answer 9

• Privy Council
• Then Governing Body
• Then Management Board, Committees, Regulation Board
• Separate Regulatory Tribunal

Question 10

Who is the Governing Council ?

Answer 10

The Governing Council set strategy, direction and manages the Royal Charter Obligations.

Question 11

What is the RICS Matrics?

Answer 11

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