RICS Practice Test & Exam Prep | United Kingdom

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A prospective client offers to pay an RICS surveyor a fee of £12,000 in cash for a quick building survey, requesting that no formal invoice or receipt be issued. What is the surveyor's obligation?

Accept the cash but record it manually in the firm's private log to avoid paperwork Refuse the cash payment, insist on standard invoicing procedures, and perform client due diligence in line with anti-money laundering (AML) guidelines Accept the payment and offer a discount since the firm will save on administration and tax Report the client to the police immediately without communicating with them

Correct Answer:

Refuse the cash payment, insist on standard invoicing procedures, and perform client due diligence in line with anti-money laundering (AML) guidelines

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