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Conflicts of Interest

Conflicts of Interest

The global professional statement on conflicts of interest provides clear rules for RICS members and regulated firms to identify and manage potential conflicts of interest.

Effective identification and management of conflicts of interest is an essential component of professionalism. The professional statement provides confidence to clients and consumers that RICS members and regulated firms are operating to the highest ethical standards.

Following extensive industry consultation and feedback, RICS developed this professionals statement to provide clarification on:

  • competing bidders
  • effective date/transition
  • conflicts arising during professional assignments
  • passing confidential information to insurers and legal advisors.

The Conflicts of Interest professional statement, which supports the RICS Rules of Conduct, places an overarching mandatory requirement on all RICS professionals and regulated firms and specifies RICS’ expectations of how compliance with the Rules of Conduct should be achieved.

Stay updated

Watch this short video and gain an understanding of this professional statement. The video will provide you with an overview of:

  • Why addressing conflicts of interest is important.
  • The professional statement on conflicts of interest and confidentiality.
  • Definitions used in the professional statement.
  • Views from industry stakeholders as to why this professional statement matters to them and the impact it will have on the industry.