Welcome to our step-by-step guide to completing your firm's Annual Return.
These pages take you through each stage of the process, from logging in to the Firms portal to completing the Valuer Registration Return.
For convenience, the Annual Return is split into sections:
When you have completed a section its status will change to ‘Ready to Submit’. When all sections have been completed, the 'Submit' button will appear and the return can be submitted to RICS Regulation.
To complete your Annual Return, enter the Firms portal.
The Rules of Conduct for firms will assist you in completing the Annual Return.
You may find it useful to use the help tips in the portal as you complete each stage of the Annual Return.
We already hold some information from when you registered your firm or completed your last Annual Return. Please check the retained answers to ensure the information is still correct.
Does your firm hold clients’ money?
If your firm holds clients’ money, auditors from RICS Regulation will periodically visit your firm.
Firms holding clients’ money will be charged an annual regulatory review fee as well as the fee for the clients’ money insurance levy. They will receive an invoice based on the information provided in their Annual Return.
Return for all firms to complete
This section will enable you to provide generic information in respect of your firm as a whole.
Principals: details of directors and principals.
Training: firms must have procedures in place to make sure their staff are properly trained to do their work.
General: some general information about your firm and its staff (you may need to consult your fellow principals and professionals).
Regulated by RICS UK Return
This section will ask for regulatory details of the specific area in which your firm trades. This will include the following matters.
Activities: you will be able to advise us about the surveying services provided by your firm.
Professional indemnity insurance: you may find it useful to have a copy of your certificate or cover note to hand.
Complaints: the Rules of Conduct for Firms state that all firms shall operate a complaints handling procedure. You will be required to confirm your firm’s approved redress mechanisms.
General insurance mediation work: members of the RICS Designated Professional Body scheme, for regulation of teir firm’s general insurance mediation work, will be ask for some information regarding this.
Clients’ money: if you hold clients’ money, we will need information about your client accounts over the last 12 months. When you complete this section, it may be helpful to have the accounts to hand, or a member of your accounts team to assist.
Registered Valuer Information: Valuer Registration Return
This section of the Annual Return asks for details of valuation work carried out by your firm.
It contains the following sub-sections.
Applicants/member: you will be able to confirm the members your firm sponsors for the scheme.
Geographical scope of valuation work: you will be able to advise us about the geographical area in which your firm provides valuation services.
Red Book valuation activities: you will be able to advise us of the details of all types of Red Book valuation activity which is undertaken by your firm.
Valuation general: some general information about your firm’s valuation work.
On completion of your Annual Return
If you wish to provide any additional information, please email firstname.lastname@example.org quoting your firm’s registration number.
If your firm sponsors members for valuer registration it will be invoiced for the annual registration fee. You will receive an invoice based on the information provided in your Annual Return.
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