15 AUG 2018
RICS provides independent, risk-based regulation of the profession in the public interest.
While 80% of our regulatory resources are invested in providing our professionals and firms with support and guidance through assurance, we have prepared two guidance documents that provide more insight into other important aspects of our regulatory model.
The complaints we receive help us identify risk trends and developments. In a small number of cases, complaints also help us identify those professionals and firms who pose an individual risk to the marketplace. We may take disciplinary action as a result.
The insight we derive from complaints is vital to our role in defending the public interest and maintaining the reputation of our profession.
The guidance answers the following questions:
Where it is necessary, we take disciplinary action in order to protect the public interest and defend the reputation of the profession. This supports a safe marketplace.
This guidance details the check and balances that ensure we only take disciplinary action when appropriate, and that we do so in a targeted, consistent, and transparent manner. It also contains information about what types of practice or behaviour may result in a decision to take disciplinary action against a firm or member.
The overarching principles of RICS regulation