RICS APC Revision Guide Final Interview Assessment Practice Questions

The RICS Global Professional Statement on Conflict of Interest  is a cornerstone document outlining the professional obligations of RICS members regarding potential conflicts of interest. It applies to all areas of RICS practice and geographies, ensuring consistency and ethical conduct across the globe.

RICS surveyors play a crucial role in the legal system, acting as expert witnesses  in various property, construction, and valuation disputes. Their expertise helps courts understand complex technical issues and provides objective evidence to inform fair and informed decisions.

PACT, short for Professional Arbitration on Court Terms, offers an alternative to litigation for resolving lease renewal disputes in England and Wales.

Dispute Resolution Boards (DRBs) and Dispute Resolution Advisers (DRAs) are two alternative dispute resolution methods commonly used in the construction industry to prevent and resolve disagreements between project stakeholders. However, they differ in several key aspects:

The main dispute resolution procedures like mediation, arbitration, negotiation, and adjudication can offer unique approaches to tackling conflict. Here's a breakdown of their key differences:

Here's a breakdown of the main dispute resolution procedures and their key differences, including their legal binding nature:

As an RICS professional, you have access to a variety of dispute resolution procedures depending on the nature of the dispute and the parties involved. Here are some relevant options:

Situation:  Sarah, an RICS-qualified surveyor, is hired to resolve a boundary dispute between two neighbors, John and Maria. The conflict stems from discrepancies in their property deeds and perceptions of the shared fence line. Both parties are adamant about their claims, raising the potential for a costly and prolonged legal battle.

Effective communication plays a crucial role  in achieving success in negotiation. It is the bridge between you and the other party, allowing you to build trust, understand needs, and ultimately reach a mutually beneficial agreement. Here's how effective communication impacts negotiation:

There are many different negotiation theories that can be applied in business, each offering unique perspectives and strategies. Here are some of the most common and useful theories:

Situation:  Sarah, an RICS-qualified valuation surveyor, is hired to value a large Victorian property for inheritance tax purposes. The property has been in the family for generations and holds significant sentimental value for the beneficiary, Emma. During the valuation process, several factors could potentially lead to a dispute:

Project: Construction of a new eco-friendly office building using innovative building materials and technologies. RICS...

As a RICS professional, adopting the following strategies can significantly reduce the risk of disputes in your projects:

Disputes in the built environment profession are unfortunately quite common, often leading to delays, cost overruns, and damaged relationships. Here are some of the most frequent causes: