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Exam (elaborations)

RICS – General UPDATED Exam Questions and CORRECT Answers

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RICS – General UPDATED Exam Questions and CORRECT Answers 0-100k - £250k cover 100-200k - £500k cover 200k plus - £1m - CORRECT ANSWER - What are the thresholds for PI cover based on turnover? Net - CORRECT ANSWER - Is the turnover net or gross? What are the RICS rules of conduct? - CORRECT ANSWER - Two separate document

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May 7, 2025
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Written in
2024/2025
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MGRADES EXAMS


RICS – General UPDATED Exam
Questions and CORRECT Answers
0-100k - £250k cover
100-200k - £500k cover

200k plus - £1m - CORRECT ANSWER - What are the thresholds for PI cover based on
turnover?


Net - CORRECT ANSWER - Is the turnover net or gross?



What are the RICS rules of conduct? - CORRECT ANSWER - Two separate documents -
Members/Firms


Firms -
PII
CHP
Professionalism
Competence
Clients Money
CPD


Members -
Competence
Integrity
CPD


RICS Comparable Evidence in Property Valuation - CORRECT ANSWER - Sets out how to
rank, record and analyse commercial property.

, MGRADES EXAMS


Includes hierarchy of evidence


Explain the hierarchy of evidence? - CORRECT ANSWER - Offer made on property
Comparable OML
Lease Renewals
Rent Reviews
Expert Witness Reports
Auctions
Inter-company Transactions


President - Amanda Clack
Privy Council (Royal Charter)
Governing Council
Various Boards

Professional Groups - CORRECT ANSWER - What is the governance structure of the RICS?


High Training Standards
Protecting Consumers through quality

Leading source of property info - CORRECT ANSWER - What are the three main roles of the
RICS?


PACTT


Proportionality (penalties)
Accountability (to members/public)
Consistency (treating every member the same)
Targeting (serious breaches)
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