Professional Practice Flashcards

What is Continuing Professional Development (CPD) as required by RICS?

Answer: A mandatory requirement for all RICS members to undertake at least 20 hours of CPD annually, including 10 hours of formal learning

RICS requires all members to complete at least 20 hours of CPD per year, with a minimum of 10 hours being formal (structured) learning. This ensures members maintain and develop their competence.

What is the role of RICS Regulation in the surveying profession?

Answer: To protect the public interest by setting and enforcing standards for RICS members and regulated firms

RICS Regulation exists to protect the public interest. It sets and enforces standards, investigates complaints and alleged breaches, and takes disciplinary action where necessary.

In the APC final assessment interview, what is the 'case study' component?

Answer: A 10-minute presentation by the candidate on a project they have worked on, demonstrating key competencies

The case study is a 10-minute presentation where candidates describe a real project they have worked on, demonstrating their application of competencies and professional judgement.

What does the RICS' 'Confidence through Professional Standards' framework aim to achieve?

Answer: A suite of professional standards, guidance, and information that promotes consistency and best practice across the profession

This framework provides a structured suite of international standards, professional statements, codes of practice, guidance notes, and information papers to support consistent, high-quality practice.

What is 'due diligence' in the context of property transactions?

Answer: A thorough investigation and analysis of a property and its associated legal, financial, and physical aspects before completing a transaction

Due diligence is the comprehensive investigation undertaken before a property transaction, covering legal title, planning, environmental, building condition, and financial aspects to identify risks.

Under RICS' ethical framework, what does 'providing a high standard of service' entail?

Answer: Ensuring competent, diligent, and timely service that meets the client's needs and agreed terms of engagement

RICS members must provide services that are competent, diligent, and timely, in accordance with the agreed terms of engagement, and must ensure they have the necessary skills and resources.