RICS Legislation / Documents

Question 1

What is the Hierarchy of RICS documents?

Answer 1

• International Standards
• Global Professional Statement
• UK Professional Statements
• Guidance Notes
• Codes of Practice

Question 2

RICS International

Answer 2

• RICS Rules of Conduct 2021 (wef 2022)
• RICS Valuation Global Standards 2021
• International Property Measurement Standards, (IPMS) 2019

Question 3

RICS Professional Statement

Answer 3

• Conflicts of interest - UK Commercial Property Market investment Agency, 2017
• UK Commercial Real Estate Agency, 2016
• Property Measurement, 2018

Question 4

RICS Professional Standard

Answer 4

• Code for Leasing Business Premises 2020
• Countering bribery, corruption, money laundering and terrorist financing 2019
• Conflicts of Interest, Global, 2017
• Client Money Handling 2019
• (Out of consultation) Property Agency and Management Principles 2023

Question 5

RICS Guidance Note

Answer 5

• Complaints Handling, 2016
• Sustainability & ESG in Commercial Property Valuation and Strategic Advice, 2021
• Risk, Liability & Insurance, 2021
• Asbestos: Legal Requirements & Best Practice for Property Professionals and Clients, 2021
• Assessing Viability in Planning under the NPPF 2019 (for England), 2021
• Comparable Evidence in Real Estate valuation, 2019
• Valuation of Development Property, 2019
• Surveying Safely 2018

Question 6

Statutory

Answer 6

• Bribery act 2010
• Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017
• General Data Protection Regulation 2016 (GDPR)
• Data Protection Act 2018
• Equality Act 2010
• Control of Asbestos Regulations 2012
• Health and Safety Act 1974
• Proceeds of Crime Act 2002
• Limitation Act 1980
• Misrepresentation Act 1967
• Estate Agents Act 1979
• Consumer Protection Regulation 2008

Question 7

Review

Answer 7

• The future of the RICS: The Bichard Review
• Independent review of Real Estate Investment Valuation by Peter Pereira Gray