RICS Core Material

Question 1

What are the Mandatory International Standards?

Answer 1

1. RICS Valuation - Global Standards, 2021 (red book)
2. International Property Measurement Standards (IPMS) - All Buildings

Question 2

What are the Mandatory Professional Statements?

Answer 2

1. Countering Bribery, Corruption, Money Laundering and Terrorist Financing, 2019.
2. Conflicts of interest, Global, 2017
3. UK Commercial Real Estate Agency, 2016
4. Property Measurement, 2018
5. Code for leasing business premises, 2020
6. Client money handling, 2019

Question 3

What are the RICS Guidance notes?

Answer 3

1. Asbestos: Legal requirements and Best practice for property professionals and clients
2. Comparable evidence in real estate valuation, 2019
3. Surveying safely 2018

Question 4

What is the RICS Professional Statement for Commercial Estate Agency?

Answer 4

RICS UK Commercial Estate Agency Professional Statement, 2016

Question 5

What does the professional statement set out?

Answer 5

1. Act in an honest, fair, transparent and professional manner
2. Carry out work with due skill, care and diligence and ensure all staff employed have the skills to carry out their tasks.

There are 12 core competencies which Agents MUST observe!