RICS – what is it all about?

RICS logo

RICS – Five Wives & One Husband (5W1H)

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The RICS (Royal Institution of Chartered Surveyors) is the world’s leading professional body for regulation and setting standards for the land, property and construction industry.

As an expanding global property professional body, the RICS aims to:

  • Regulate and promote the land, property and construction profession
  • Encourage and maintain the highest educational and professional standards
  • Protect clients and consumers through a strict code of ethics
  • Provide impartial advice, analysis and guidance on real estate matters

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Who?

The RICS (www.rics.org) has more than 100,000 members operating in almost 150 countries. There are also some 500 RICS accredited university degree courses with currently over 34,000 students to ensure that membership remains strong in the future.

Members are known as Chartered Surveyors, recognised by the designation after their name – FRICS (Fellow) or MRICS (Member).

When?

The RICS can trace its history as far back as 1792 when the Surveyors Club was formed in London. In its current form, the RICS was created in 1868 in the United Kingdom receiving a Royal Charter in 1881.

The RICS represents the oldest and most established professional body in the field of land, property and construction in the world.

What?

As an independent organisation, the RICS acts in the public interest setting and regulating the highest standards of competence and integrity amongst its members and providing impartial, authoritative advice on key real estate issues for business, society and governments worldwide.

RICS members specialise in all matters across the property lifecycle – from development and construction advice to valuation of assets and investments, from project management to property management and dispute resolution services across all aspects of land, property and construction – in total, there are more than 160 specialisms!

Where?

Today, the RICS has more than 100,000 members globally, with the majority of new membership growth being outside the UK.

The RICS works closely with other professional organisations around the globe to promote professional standards and has a network of offices (with over 500 staff) reaching across the world’s major and emerging economies to support the delivery of its objectives.

How?

The focus of the RICS as an organisation is firmly set on professional standards.  RICS practice standards and codes of practice are internationally renowned and regarded as a true mark of quality – a valuable asset that demonstrates to clients and the market that the advice provided adheres to the highest standards in the world. Globally, financial institutions, corporations and governments depend on the consistent and reliable level of expertise and advice on real estate that qualified RICS members provide.

The RICS publishes over 500 industry research and policy papers every year – leading real estate thinking globally. Members have access to the world’s largest online property, land and surveying library together with professional guidance and market-leading survey information.

The RICS seeks to influence governments, international organisations and key stakeholder groups around the world with the aim of developing and embedding truly international standards and creating a vibrant and sustainable land, property and construction sector.

Why?

As people, governments, banks and commercial organisations continue to demand more assurance of certified standards and ethics, attaining RICS status is the most highly regarded and recognised mark of property professionalism.

Why did I decide to join the RICS?

The RICS designation means that you are a member of the world’s pre-eminent professional organisation in real estate. By qualification, it is clear evidence that you have achieved high standards of competence and ethics in your chosen career. This provides an international passport opening doors to business, networking and career opportunities globally.

An RICS qualification provides me with unrivalled credibility and status in the market and, at the same time, provides confidence to my clients and business partners.  I carry a valuable designation after my name (FRICS); a mark that is both globally recognised and highly valued throughout the land, property and construction industry.

This gives me a competitive edge as the RICS qualification is highly regarded by clients – in fact, everyone that I come into contact with in business. It also sets me apart with employers and ensures that

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