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Online Training

Red Book - Purpose, Application and Benefits

This class provides context for the Valuation Standards and why they are so important to Valuers and their clients worldwide. We will describe the fundamental principles underpinning their use and discuss the content, including the International Valuation Standards.

Tue 23 Apr 2019
11:30 AM - 01:00 PM
1,5 hours formal CPD
£50 + VAT


Learning outcomes

  • State the purpose of the Red Book 2017
  • List the main contents
  • Key changes from Red Book 2014
  • Describe how to use the Red Book
  • Understand the global application of the Red Book / IVS
  • Identify the bases of valuation to be used
  • Locate the relevant practical templates as examples of best practice

We will highlight key areas with brief case studies. There will be some interactive multi choice questions to check understanding.

Who should attend

  • Commercial Valuers
  • Residential Valuers
  • Professionals working with Valuers: Administrator, Marketing

Pre & post class reading material

Participants should access the latest version of the Valuation Standards (online version) from the RICS website and have a quick look at the content. An awareness of the document would be helpful.

Please visit prior the session


A presentation based session interspersed with anecdotal insight and multi choice questions.


  • Objectives/ agenda – this is what we will be doing and why
  • Context for the Red Book 2017
  • Contents of the Red Book 2017
  • Key changes from previous edition of global Red Book
  • Changes to the UKVS layout.
  • The international angle (IVS 2017)
  • Conflict of interest
  • Terms of Engagement - example
  • Reporting - example
  • Valuation bases
  • Other areas – loan security, contamination, uncertainty
  • Questions
£50 + VAT