MGRADES EXAMS
RICS UPDATED ACTUAL Exam Questions
and CORRECT Answers
What does the acronym RICS stand for? - CORRECT ANSWER - Royal Institution of
Charted Surveyors
What is the RICS? - CORRECT ANSWER - The Royal Institution of Chartered Surveyors
(RICS) is the premier property authority globally with a membership in excess of 100,000.
Founded in 1868 in London when it received a Royal Charter, it serves the public interest and is
the body which regulates the profession of Chartered Surveyors in this country.
When was the RICS Founded? - CORRECT ANSWER - 1868
When was the present structure of the RICS Created? - CORRECT ANSWER - 1998
What created the present structure of the RICS? - CORRECT ANSWER - Agenda for Change
1998
What sets out the governance of the Institution? - CORRECT ANSWER - RICS Royal
Charter
Who granted this charter? - CORRECT ANSWER - The privy council
What else sets out the laws of the Institution? - CORRECT ANSWER - RICS Bye Laws,
2008
What is the background to the RICS? - CORRECT ANSWER - The RICS was founded in
1868, with the present structure created by the Agenda for Change, 1998. The governance of the
institution is set out by the RICS Royal Charter, granted by the Privy Council, and RICS Bye-
Laws, 2008.
,MGRADES EXAMS
How many RICS members are there currently? - CORRECT ANSWER - 120,000
What are the 4 levels of RICS membership - CORRECT ANSWER - "• FRICS (Fellow of the
Royal institution of Charted Surveyors)
• MRICS (Member of the Royal institution of Charted Surveyors)
• AssocRICS (Associate of the Royal institution of Charted Surveyors)
• Trainee/Student Member"
What is the definition of RICS Fellowship? - CORRECT ANSWER - "An honoured class of
membership awarded on the basis of individual achievement within the profession"
FRICS- qualities - CORRECT ANSWER - "FRICS - Fellowship recognises your individual
achievement as a professional member of the RICS
MRICS- demonstrate - CORRECT ANSWER - MRICS - MRICS demonstrates to colleagues,
clients and peers that you have a chartered qualification and work to the highest industry
standards and have passed the Assessment of Professional Competence (APC).
"
ASsocRICS - demonstrate - CORRECT ANSWER - AssocRICS - Associate is a respected
qualification that demonstrates commercial and technical standards and professional ethics. It
shows you are qualified, regulated and trusted.
Trainee- demonstrate. - CORRECT ANSWER - Trainee/Student Member - Designed
particularly for those studying RICS accredited degrees.
Who is eligible to apply for a fellowship? - CORRECT ANSWER - All RICS members
(MRICS) are eligible to apply for fellowship subject to the rules of conduct for members
,MGRADES EXAMS
How does a MRICS become a Fellow? - CORRECT ANSWER - "Applicants must provide
the following for the Fellowship assessor to consider:
• Evidence of achievement of 4 Fellowship characteristics (Champion, Expert, Influencer, Role
Model),
• 5 or more years at MRICS (applications with less then 5 years at MRCIS can be submitted as
normal but will be individually reviewed by your RICS World Regional Board or a group with
delegated authority)
• a leadership role
• professional/technical achievement
• academic achievement or raising the profile of the RICS
• A Portfolio of professional achievement to support the application
• Your CPD record must be up to date on the online CPD management tool"
Describe the RICS Governance Structure - CORRECT ANSWER - Privy Council (Grants and
awards Royal charter)
Governing Council (Management of Royal Charter Obligations, setting direction and strategy)
Regulatory Board (The arm's length Regulatory Board reports solely to the Governing Council
on its activities)
Management Board (Day-to-day performance and delivery of the business plan, including
Knowledge Board, World Board, Constitution Board, Estates Committee, Finance Committee)
• Committees (Audit, Nominations, Leadership, Administrative Panel)"
what is privy council - CORRECT ANSWER - Privy Council (Grants and awards Royal
charter)
what is governing council - CORRECT ANSWER - Governing Council (Management of
Royal Charter Obligations, setting direction and strategy)
what is the regulatory board - CORRECT ANSWER - Regulatory Board (The arm's length
Regulatory Board reports solely to the Governing Council on its activities)
, MGRADES EXAMS
what is the management board - CORRECT ANSWER - Management Board (Day-to-day
performance and delivery of the business plan, including Knowledge Board, World Board,
Constitution Board, Estates Committee, Finance Committee)
what is the comittee. - CORRECT ANSWER - Committees (Audit, Nominations, Leadership,
Administrative Panel)
Who is the current President of the RICS? - CORRECT ANSWER - Amanda Clack
How many members are there on the RICS Governing Council? - CORRECT ANSWER -
There are 65 RICS Members on Governing Council from various geographical areas and
professional specialisms. The majority of Council members are elected (66%) and 50% of the
membership is from the UK
How many professional group boards are there? - CORRECT ANSWER - There are 17
professional group boards
What is the purpose of each professional group elected board - CORRECT ANSWER - Each
professional group has an elected board and is responsible for outlining standards of competence
and practise.
What is the UK structure of the RICS? - CORRECT ANSWER - "4 National Associations
(England, Scotland, Wales and Northern Ireland)
9 Regional Boards in England (East Midlands, East of England, London, North East, North
West, South East, South West, West Midlands, Yorkshire & the Humber)
Local Associations"
What are the major challenges facing the RICS? - CORRECT ANSWER - "Examples may
include:
• Rolling out IPMS - Residential (2016), then industrial and retail
• Increasing diversity and improving inclusion"
RICS UPDATED ACTUAL Exam Questions
and CORRECT Answers
What does the acronym RICS stand for? - CORRECT ANSWER - Royal Institution of
Charted Surveyors
What is the RICS? - CORRECT ANSWER - The Royal Institution of Chartered Surveyors
(RICS) is the premier property authority globally with a membership in excess of 100,000.
Founded in 1868 in London when it received a Royal Charter, it serves the public interest and is
the body which regulates the profession of Chartered Surveyors in this country.
When was the RICS Founded? - CORRECT ANSWER - 1868
When was the present structure of the RICS Created? - CORRECT ANSWER - 1998
What created the present structure of the RICS? - CORRECT ANSWER - Agenda for Change
1998
What sets out the governance of the Institution? - CORRECT ANSWER - RICS Royal
Charter
Who granted this charter? - CORRECT ANSWER - The privy council
What else sets out the laws of the Institution? - CORRECT ANSWER - RICS Bye Laws,
2008
What is the background to the RICS? - CORRECT ANSWER - The RICS was founded in
1868, with the present structure created by the Agenda for Change, 1998. The governance of the
institution is set out by the RICS Royal Charter, granted by the Privy Council, and RICS Bye-
Laws, 2008.
,MGRADES EXAMS
How many RICS members are there currently? - CORRECT ANSWER - 120,000
What are the 4 levels of RICS membership - CORRECT ANSWER - "• FRICS (Fellow of the
Royal institution of Charted Surveyors)
• MRICS (Member of the Royal institution of Charted Surveyors)
• AssocRICS (Associate of the Royal institution of Charted Surveyors)
• Trainee/Student Member"
What is the definition of RICS Fellowship? - CORRECT ANSWER - "An honoured class of
membership awarded on the basis of individual achievement within the profession"
FRICS- qualities - CORRECT ANSWER - "FRICS - Fellowship recognises your individual
achievement as a professional member of the RICS
MRICS- demonstrate - CORRECT ANSWER - MRICS - MRICS demonstrates to colleagues,
clients and peers that you have a chartered qualification and work to the highest industry
standards and have passed the Assessment of Professional Competence (APC).
"
ASsocRICS - demonstrate - CORRECT ANSWER - AssocRICS - Associate is a respected
qualification that demonstrates commercial and technical standards and professional ethics. It
shows you are qualified, regulated and trusted.
Trainee- demonstrate. - CORRECT ANSWER - Trainee/Student Member - Designed
particularly for those studying RICS accredited degrees.
Who is eligible to apply for a fellowship? - CORRECT ANSWER - All RICS members
(MRICS) are eligible to apply for fellowship subject to the rules of conduct for members
,MGRADES EXAMS
How does a MRICS become a Fellow? - CORRECT ANSWER - "Applicants must provide
the following for the Fellowship assessor to consider:
• Evidence of achievement of 4 Fellowship characteristics (Champion, Expert, Influencer, Role
Model),
• 5 or more years at MRICS (applications with less then 5 years at MRCIS can be submitted as
normal but will be individually reviewed by your RICS World Regional Board or a group with
delegated authority)
• a leadership role
• professional/technical achievement
• academic achievement or raising the profile of the RICS
• A Portfolio of professional achievement to support the application
• Your CPD record must be up to date on the online CPD management tool"
Describe the RICS Governance Structure - CORRECT ANSWER - Privy Council (Grants and
awards Royal charter)
Governing Council (Management of Royal Charter Obligations, setting direction and strategy)
Regulatory Board (The arm's length Regulatory Board reports solely to the Governing Council
on its activities)
Management Board (Day-to-day performance and delivery of the business plan, including
Knowledge Board, World Board, Constitution Board, Estates Committee, Finance Committee)
• Committees (Audit, Nominations, Leadership, Administrative Panel)"
what is privy council - CORRECT ANSWER - Privy Council (Grants and awards Royal
charter)
what is governing council - CORRECT ANSWER - Governing Council (Management of
Royal Charter Obligations, setting direction and strategy)
what is the regulatory board - CORRECT ANSWER - Regulatory Board (The arm's length
Regulatory Board reports solely to the Governing Council on its activities)
, MGRADES EXAMS
what is the management board - CORRECT ANSWER - Management Board (Day-to-day
performance and delivery of the business plan, including Knowledge Board, World Board,
Constitution Board, Estates Committee, Finance Committee)
what is the comittee. - CORRECT ANSWER - Committees (Audit, Nominations, Leadership,
Administrative Panel)
Who is the current President of the RICS? - CORRECT ANSWER - Amanda Clack
How many members are there on the RICS Governing Council? - CORRECT ANSWER -
There are 65 RICS Members on Governing Council from various geographical areas and
professional specialisms. The majority of Council members are elected (66%) and 50% of the
membership is from the UK
How many professional group boards are there? - CORRECT ANSWER - There are 17
professional group boards
What is the purpose of each professional group elected board - CORRECT ANSWER - Each
professional group has an elected board and is responsible for outlining standards of competence
and practise.
What is the UK structure of the RICS? - CORRECT ANSWER - "4 National Associations
(England, Scotland, Wales and Northern Ireland)
9 Regional Boards in England (East Midlands, East of England, London, North East, North
West, South East, South West, West Midlands, Yorkshire & the Humber)
Local Associations"
What are the major challenges facing the RICS? - CORRECT ANSWER - "Examples may
include:
• Rolling out IPMS - Residential (2016), then industrial and retail
• Increasing diversity and improving inclusion"
