Please note, this document was reissued in October 2023 as a professional standard. It was previously published in March 2018 as a professional statement. The regulatory requirements remain the same. For more information on the new document types, see here.

This 7th edition includes the following revisions and features: now a professional statement not a guidance note, Common Auction Conditions has been incorporated at the end of the professional statement and revised guidance on guide prices following recent decisions from the Advertising Standards Authority.

The document brings auctions into line with all other RICS documents on agency.

The 7th edition focuses on England and Wales.