RICS APC RICS Rules of Conduct & Ethics

Question 1

How many RICS Rules of Conduct are there that apply to both members and firms?

Accepted Answer

5 Rules of Conduct

Answer

3 Rules of Conduct

Answer

10 Rules of Conduct

Answer

7 Rules of Conduct

Question 2

Which RICS Rule of Conduct requires members to maintain their professional competence and only undertake work for which they are competent?

Accepted Answer

Rule 2 — Act with competence, care and respect

Answer

Rule 1 — Members and firms must be honest and act with integrity

Answer

Rule 4 — Members and firms must treat others with respect

Answer

Rule 5 — Members and firms must act in the public interest

Question 3

What does 'integrity' mean in the context of RICS professional ethics?

Accepted Answer

Being honest, straightforward and transparent in all professional dealings, even when it is not in the member's personal interest

Answer

Ensuring all calculations in valuation reports are mathematically correct

Answer

Only accepting clients whose instructions are legal

Answer

Maintaining strict confidentiality in all circumstances without exception

Question 4

What must an RICS member do if they identify a conflict of interest in a matter they have been asked to advise on?

Accepted Answer

Disclose the conflict to all affected parties and either manage it with informed consent or decline to act

Answer

Proceed if they believe they can be objective and make no disclosure

Answer

Immediately withdraw from the matter without informing the client of the reason

Answer

Report the conflict to RICS before taking any action

Question 5

What is the purpose of the RICS APC (Assessment of Professional Competence)?

Accepted Answer

To assess whether a candidate has the knowledge, skills and behaviours required for RICS membership through a structured period of supervised experience and a final assessment

Answer

To test academic knowledge only through written examinations

Answer

To renew existing RICS membership every 5 years

Answer

To assess firms seeking RICS regulated status

Question 6

What does the RICS 'Ethics, Rules of Conduct and Professionalism' mandatory competency require APC candidates to demonstrate at Level 1?

Accepted Answer

Understanding of the RICS Rules of Conduct, ethical principles, and ability to identify and handle ethical dilemmas

Answer

Completed application of ethics policies in a client transaction

Answer

Publication of an ethics paper in an RICS journal

Answer

Evidence of having reported a colleague's misconduct to RICS