This competency covers your professionalism. It requires you to understand the role of RICS and how it works. As your regulating body, you must have a thorough knowledge of RICS regulations and Rules of Conduct, which embed ethical principles. You should understand your role as a professional and society’s expectations of professional practice. You should also understand the general principles of law and the legal system, as applicable in your country of practice
Level 1
Demonstrate knowledge and understanding of the role and significance of RICS and its functions. Your personal professional role and society’s expectations of professional practice and RICS’ Rules of Conduct and conduct regulations, including the general principles of law and the legal system, as applicable in your country of practice
Level 2
Provide evidence of practical application in your area of practice, being able to justify actions at all times and demonstrate personal commitment to RICS’ Rules of Conduct and any mandatory standards
Level 3
Provide evidence of application of the above in your area of practice in the context of advising clients
Examples of knowledge comprised within this level are:
• The structure of RICS
• RICS’ Rules of Conduct
• Mandatory Professional Statements e.g. Conflicts of Interest
• Guidance notes and their status
• RICS’ CPD policy
• The role of Professional Groups
• Bodies within the RICS e.g. Matrics, LionHeart
• Policy documents
• RICS Bye-laws
• Government, legislation and regulation
• Common law
• Relevant case law.
Examples of activities and knowledge comprised within this level are:
• Your involvement with RICS
• Identifying a conflict of interest
• Transparency in professional fees
• Checking terms of appointment for compliance with RICS rules
• Handling gifts and hospitality
• Complying with RICS’ CPD policy for members
• Checking your employer’s compliance with RICS’ Rules of Conduct
Examples of activities and knowledge comprised within this level are:
• Dealing with a complaint
• Handling client’s money
• Setting up professional indemnity insurance
• Registration of a firm with RICS.