Rics Rules Of Conduct

Blog / 10 Feb, 2024

In the realm of land, real estate, construction, and infrastructure, maintaining the highest ethical standards is not just desirable; it's imperative. The Royal Institution of Chartered Surveyors (RICS), a globally recognized professional body, has laid down a set of rules known as the Rules of Conduct. These rules serve as a guiding light for professionals in the built and natural environments, emphasizing ethical principles such as honesty, integrity, competence, service, respect, and responsibility.

Ethical Foundation

At the core of the RICS Rules of Conduct lies a commitment to upholding ethical principles that transcend geographical boundaries. Under its Royal Charter, RICS is mandated to ensure the usefulness of the profession for the public advantage. This includes securing optimal land use and associated resources to meet social and economic needs. Thus, professional ethical practice by RICS members and firms is not merely a moral obligation but a cornerstone for effective markets and positive social impact.

Balancing Competing Interests

Professional practice often involves navigating complex scenarios where competing interests must be balanced. The five rules outlined by RICS provide a structured framework for making ethical decisions in such situations. Members are expected to exercise their professional judgment in applying these principles to real-world scenarios, with firms providing support to uphold these standards. While the rules primarily focus on professional conduct, personal conduct may also come under scrutiny if it risks damaging public confidence in the profession.

Universal Applicability

The RICS Rules of Conduct are not confined by geographical borders. They apply universally to all members and firms regulated by RICS, irrespective of where they operate. Recognising the diversity of legal frameworks across jurisdictions, members and firms must also consider local legal obligations.

Key Principles of the Rules

1. Honesty and Integrity (Rule 1): Members and firms must uphold honesty, act with integrity, and fulfil their professional obligations, including those to RICS.
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3. Professional Competence (Rule 2): Maintaining professional competence is crucial. Services must be provided by competent individuals with the requisite expertise.
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5. Quality Service (Rule 3): Good-quality and diligent service delivery is non-negotiable for members and firms.
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7. Respect and Inclusion (Rule 4): Treating others with respect and fostering diversity and inclusion are essential for a thriving professional environment.
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9. Public Interest (Rule 5): Acting in the public interest, taking responsibility for actions, and preventing harm are paramount to maintaining public confidence in the profession.
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Enforcement and Accountability

While the Rules of Conduct serve as a guide for ethical behaviour, enforcement is essential to uphold these standards. Serious breaches may lead to disciplinary action by RICS. However, minor breaches can often be rectified through self-correction or internal firm processes. It's crucial for members and firms to be transparent and accountable for their actions, even if they deviate from the examples provided.