VPS 4 of the Red Book Global Standards 2025 at 3.5 states 3.5 To maintain a proper audit trail and be in a position to respond effectively to a future enquiry, legible notes (which may include photographs or other images) of the findings and, particularly, the limits of inspection...
The RICS do not produce anything on other valuation standards because we expect all valuations to be done as per the Red Book. As per RICS Valuation – Global Standards (Red Book) 2025 PS 1 - 5.7: valuations are either compliant with Red Book Global Standards or not. Terms...
If the asset is a new home RICS does have a professional standard related to this . The standard is from 2019 and therefore the valuer should consider it in light of any more recent (and overarching) Red Book Global principles and be aware that RICS is due to launch a new professional...
There are a lot of materials on isurv on this matter which look at a range of case law. https://www.isurv.com/info/1367/negligence in valuations and surveys Most recently there was Bratt v Jones [2024] EWHC 631 (Ch) (22 March 2024) ‘i) For a valuer, like any other...
All RICS regulated firms that hold client money must register to do so – information regarding this (including the scheme rules, the coverage, the fees and the different ‘tiers’ of the scheme) can be found here RICS Client Money Protection Scheme Only RICS Regulated firms can join...
Under competition laws the RICS cannot set or guide on salaries. The following resources may be of interest regarding typical salaries for a variety of roles 2025: https://ww3.rics.org/uk/en/modus/business-and-skills/better-business/macdonald-salary-survey-2025.html 2024: ...
Our consumer guide on Home surveys is available here https://www.ricsfirms.com/residential/moving-home/surveys/rics-consumer-guide-home-surveys/ The amount of detail that a surveyor will go into will depend on accessibility and the level of survey commissioned. As...
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