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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.

Twitter: #RICSAmericas

Session Duration:
60 minutes
1 hour formal CPD

Course overview

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

Who Should Attend

This course is useful to commercial and residential valuers, as well as any other professionals working with valuers.

Why Attend?

This course will help professionals working in valuation or with valuation reports to understand the purpose, application and benefits of this global standard. A comprehensive understanding of Red Book is required for all Registered Valuers.

*Note to participants: this course is designed based on global application of the standard and does not reference regional specific application.

Pre-Class Reading

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.


This on-demand video course is a recorded, instructor led program with interactions built in to test your knowledge.

About this course

Learning Objectives

By the end of the web class, you will be able to:

  • 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.


In this web class, we will cover:

  • 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


Lance W. Doré, FRICS MAI                                                        

The Doré Group

Lance W. Doré is the President and CEO of The Doré Group. In this role, he directs all valuation assignments involving a wide variety of conventional and complex real properties, serves as litigation support to both public and private clients, provides expert advisory services, including forensic analyses and market and feasibility studies, as well as valuation for financial reporting.

Mr. Doré has been a real estate appraiser for over 30 years and in addition to traditional real estate valuation has a special expertise in the valuation of complex highest and best use issues, right of ways, energy facilities, conservation land and partial interests. His geographical valuation expertise is focused in the western United States and he has completed international assignments in Tokyo, Central America, Mexico, Cyprus, and Moscow. Mr. Doré has written several articles and books – mostly recently The Secrets of Real Estate Revealed.


If you're interested in having this course delivered to your company, contact us.

Call +1 (212) 847-7400 or

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You may also be interested in

International Valuation Standards (IVS) 2017 Learn more

International Property Measurement Standards (IPMS): Office Learn more

Development Appraisals - Method and Process Learn more


  • RICS professionals $35
  • Non-RICS professionals $65
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