RICS Knowledgebase

All valuation enquiries require an understanding of the asset being valued (including its location) and valuation purpose and we have taken no assumptions here on asset type or purpose. Laws/regulations in specific jurisdictions and circumstances may dictate a certain approach, which the valuer should follow if an authoritative requirement.

Subject to the above.

• Follow the requirements and recommendations set out at Red Book Global Standards PS 2 section 3 and in the Conflicts of Interest professional standard (including around party conflicts and confidentiality).

• Refer to the: Valuation Conflict of Interest Case Studies, referencing the examples ‘The previously valued property’ and ‘Two clients want us to value the same property’

Depending on the specific circumstances (which we don’t know), there may be a need to consider the interests of both parties, get informed consent to proceed and put in place appropriate measures such as information barriers. In some cases, instructions may need to be declined because of previous involvement. We hope this helps you apply the standards using your professional judgement.

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