RICS require this information so that we can send you targeted regulatory information, particularly regarding legislative changes.
Please select all types of valuation activity which you carry out. You can select as many, or as few, valuation activities as is appropriate to you, provided that you select at least one option from the list. If you do not carry out any of the listed activities please select “other”.
For further details of each valuation activity, please see below. You must rate at least one valuation activity with the importance value 1. Importance values must be entered in sequence 1,2,3,4,5.
Red Book Valuation Activity | Definition |
Commercial Real Estate – Offices | This is Offices within Class B1 of the Town and Country Planning (Use Classes) Order and not A2 |
Commercial Real Estate – Industrial | This includes warehousing, distribution centres, stores, logistics, 3PL’s, trade-counter, air-hangers, cargo units, refrigeration |
Commercial Real Estate – Retail | Including high street retail, supermarkets, department stores, retail warehousing, hairdressers, undertakers, travel agencies, post offices, dry cleaners, internet cafes, high street banks, betting offices |
Commercial Real Estate – Hotels and Leisure | Including hotels, motels, B&B’s, public houses, bars, restaurants, nightclubs, amusement parks, caravan parks |
Commercial Real Estate – Healthcare | Including Hospitals, Care Homes, Respite, Day centres |
Commercial Real Estate – Educational | Including Schools, Colleges, Universities, Nurseries, Museums, Secure Residential Institutions such as Prisons, Custody Centres, Young Offenders Institutions etc |
Commercial Real Estate – Infrastructure, Transport and Roadside | Including Service Stations, Petrol Stations, Car Showrooms, Garage |
Commercial Real Estate Other | Other commercial real estate |
Residential Real Estate | This includes dwelling houses used by a single person or by people to be regarded as forming a single residence |
Agricultural and Rural Property | including live and dead stock |
Minerals and Waste | Quarries, Waste Transfer Sites, Mines, Off-shore rigs |
Arts and Antiques | |
Plant and Machinery | |
Development land and property – Residential | |
Development land and property – Commercial | |
Business Valuation and Intangible Assets | Including Goodwill, Branding etc – not to be confused with valuation of pubs and such like which is leisure |
Other |
Any other Red Book Valuation activity |
You may wish to review your firm’s professional indemnity insurance proposal form to assist you in completing this section.
Please select the purposes for which you carry out Red Book Valuation work. Once you have selected all the purposes, please state the top five Red Book Valuation activities in order of importance eg. 1, 2, 3, 4, 5.
Please select all valuation purposes which you carry out Red Book Valuations. You can select as many, or as few, options as is appropriate to you, provided that you select at least one option from the list. If you do not carry out any of the listed activities please select “other”.
For further details/definition of the purpose of Red Book Valuations, please see below.
Purpose |
Definition |
Loan Security |
For lending purposes, refinancing and securitisation |
Financial Reporting |
Accounts purposes, stock exchanges, takeovers and mergers, Unit Trusts |
Investment Portfolio |
|
Taxation Assessment |
Includes, Capital gains; Inheritance |
Probate/Matrimonial |
Divorce/division of estate/Death |
Purchase and Same Reports |
Where there is a 3rd party reference, not solely pricing advice, which is exempt from PS1.2 |
Statutory Compensation |
Includes Compulsory Purchase etc. Not where valuations are subject to separate statutory processes such as Business Rates and council tax assessment |
Rental valuation |
Residential/commercial |
Disputes and Legal proceedings |
|
Other |
You must rate at least one purpose of valuation with the importance value 1. Importance values must be entered in sequence 1,2,3,4,5.
RICS Rules for the Registration of Schemes requires Members to carry out their professional work with due skill, care and diligence and with proper regard for the technical standards expected of them.
Having this information will help RICS understand the extent of valuation activity that you undertake.
If the valuation is prepared under your supervision please answer ‘No’ to this question. Please see question 3.3.
Having this information will help RICS understand the extent of valuation activity you undertake.
Having this information will help RICS understand the extent of valuation activity you undertake.
Using the same currency for all answers will help RICS fully understand the extent of valuation activity you undertake.
Having this information will help RICS understand the extent of valuation activity you undertake. An approximate figure is acceptable for this entry.
This relates to where a firm has been removed from a panel only, not where it has been subject to a rotation policy or where your firm has not been instructed to sit on a panel.
We require this information for regulatory purposes.
Please provide a summary of the facts surrounding the removal or suspension from the panel including the date in which it occurred.
We require this information for regulatory purposes.