RICS APC Revision Guide Final Interview Assessment Practice Questions

The "Speak Up" duty is a crucial aspect of RICS membership, emphasising your responsibility to report concerns about potential breaches of the RICS Rules of Conduct or other serious issues within the profession. Here's a condensed summary:

"Phoenix firms" within the context of RICS refer to companies that close down in a disorderly way and then quickly re-establish themselves as a new trading entity. This practice raises concerns about ethical conduct and professional standards, as it can potentially disadvantage creditors and clients involved with the original firm.

Fraud poses a significant threat to the surveying and valuation professions, potentially impacting clients, firms, and the reputation of RICS members. Recognising and dealing with fraud effectively requires understanding the relevant guidelines and taking appropriate action. Here's how you can navigate this area:

Registering your firm with RICS can be a beneficial step for gaining recognition and demonstrating commitment to professional standards within the surveying and valuation industry. Here's a breakdown of the process:

Setting up professional indemnity insurance (PII) as an RICS member is crucial for protecting yourself and your business from financial...

Handling client money is a critical responsibility for RICS members, requiring strict adherence to ethical and professional standards. Here's an overview of key aspects to consider:

Dealing with a complaint as a RICS member can be stressful, but understanding the process and responding appropriately is crucial for resolv

While the RICS focuses on the individual ethical conduct of its members, firms employing RICS members also have responsibilities towards upholding the same ethical standards. As an employee, checking your employer's compliance with RICS' Rules of Conduct can be complex, but here are some ways you can approach it:

RICS defines Continuing Professional Development (CPD) as any learning activity that helps you maintain and improve your knowledge, skills, and competence in your professional field.

Complying with RICS' CPD (Continuing Professional Development) policy is crucial for all members to maintain their professional competence and stay up-to-date with the latest knowledge and skills in their fields. Here's a breakdown of the key requirements and resources to help you navigate the process:

Bribery Act Summary:

Checking terms of appointment for compliance with RICS rules is crucial for both clients and professionals engaging in surveying and valuation services. Here's how you can approach this process:

Handling gifts and hospitality within the surveying and valuation professions requires careful consideration as it can raise ethical concerns and potentially compromise professional judgment. The RICS provides clear guidelines for members to navigate these situations responsibly and uphold the highest ethical standards.

Transparency in professional fees has been a long-standing issue within the surveying and valuation professions, with the RICS actively working towards greater clarity and fairness for clients. Here's an overview of the current landscape:

Identifying a conflict of interest can be challenging, but the RICS provides clear guidance and resources to help its members navigate these situations ethically and responsibly.

The RICS publishes case studies of past disciplinary cases to provide valuable learning opportunities for members and shed light on the consequences of ethical breaches. The RICS withholds personal details on these cases for confidentiality reasons.

The RICS, as a professional body, doesn't directly rely on common law for handling ethical breaches. While common law can inform certain aspects of their disciplinary procedures, RICS has its own independent framework for dealing with ethical misconduct by members. This framework relies on:

Here's a summary of the relationship between RICS ethics and common law:

The RICS has a vast collection of policy documents covering various aspects of their professional standards, regulations, guidance, and governance. Navigating through them can be challenging, so here's a summary of what they are:

Mandatory Professional Statements (MPS) serve as essential documents outlining specific, compulsory requirements for members and regulated firms to adhere to in their professional practice. These statements hold significant weight, often surpassing the level of guidance found in other standards or recommendations.

This sets out the core professional obligations for members and firms.

The RICS implemented new Rules of Conduct on 2 February 2022, replacing the previous codes for members, firms, and global professional and ethical standards.