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News & opinion

19 JUN. 2019

AssocRICS – a step forward to further professionalise the market

RICS is carefully looking at where the profession needs to be in the future, following the rapid transformation that our industry is experiencing now and the leading role that our professionals will play in all aspects of the built and natural environment of tomorrow. 

Digitisation, the war for talent, especially engaging the next generation and increasing diversity, are a few of the reasons why we are looking at how we can further professionalise our industry, attracting a diverse talent pool and ensuring ethics is at the heart of everything we do.

Professionalising the built environment

According to our latest membership survey, more than 81% of RICS professionals based in Europe think the organisation effectively regulates to protect the public interest and is doing a good job in maintaining professional qualifications.

Today in Europe, professionals with the MRICS and FRICS qualifications have differentiated themselves in their respective market for their high level of competence and integrity, always acting in an ethical and professional manner in their daily practice. But shouldn’t everyone in construction, infrastructure and real estate act in the best interests of the public to bring confidence to the market?

RICS professional standards are increasingly applied in the commercial real estate sector. However, throughout the built environment life cycle there is a need for assuring professionalism and competence, at senior level but equally at operational, technical and entry levels.

If those individuals are not technically qualified and regulated against the highest standards, there is a potential and serious risk for the reputation of the industry.

This is why in Europe we also need the AssocRICS qualification, which, next to MRICS and FRICS, will enable us to address the challenges of an increasingly digitised world, sustainability and rapid urbanisation in sectors where it is challenging to find, recruit and retain the right talent.

“Throughout my 47-year career as an RICS member, working internationally in quantity surveying and project management on three continents, I have always found it essential to be able to rely on the verification of recognised commercial and technical standards of the colleagues with which we co-operate, from project to project and from country to country.

AssocRICS status is a valuable reference point for such evaluation. At home in Zurich and whenever we leave our Swiss base to support our clients working in different countries, one of the first points of reference for us is the RICS directory of RICS members,” says David J. Duffy  FRICS, Switzerland.

Diversifying and attracting talent to the profession

With almost 9,000 qualified professionals in continental Europe, pre-dominantly senior professionals in commercial real-estate, the introduction of new technologies and the need of new skill sets, require a more balanced, diverse and cross-generational profession. This implies attracting, developing and retaining a great variety of professionals beyond commercial real estate, but with the same ethical values and social responsibility.

Who should pursue the AssocRICS qualification?

Anyone working in the built and natural environment sectors, whether the applicant is at the start of their career, works in a technical/specialist role or has worked for many years and is seeking a qualification which is recognised worldwide, can apply for the AssocRICS qualification.

The AssocRICS qualification will complement MRICS and FRICS in providing confidence and trust towards clients and the public. Should an AssocRICS wish to progress to a higher status, they must complete a further period of study, pass the assessment of professional competence and have the final assessment with a panel interview. The qualification guarantees only the original level of competence.

Look at our graphics showing:

1) how RICS is inspiring the future generations,
2) the real estate and built environment life cycle stages,
3) data on trust in RICS from our latest Europe Digest report.