RICS Knowledgebase

As per Global Red Book effective from 31 Jan 2025

All members, whether practising individually or within an RICS-regulated or non-regulated firm, who provide a written valuation are required to comply with the international standards and RICS global standards set out below. Members must also comply with the requirements of RICS Valuer Registration (VR)

You can find the exceptions page starting on page 18 (or if using pages of the PDF page 24), the below is an extract only and the full detail should be read to ensure compliance

a. Providing an agency or brokerage service in respect of the acquisition or disposal of one or more assets. 
b. Providing valuation advice expressly in preparation for, or during, negotiations or litigation, including where the valuer is acting on the behalf of others, representing their interests or needs

c. Acting or preparing to act as an expert witness

d. Performing statutory functions

e. Providing valuations to a client purely for internal purposes, on express contractual terms that exclude the valuer’s liability, and without communication to a third party

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