Skip to content

News & opinion

23 JUN 2018

Why regulate your firm?

'Regulated by RICS' conveys a consistent message of promise and quality to your clients. Firms regulated by RICS have committed to abide by the rules of conduct for firms and RICS’ globally recognised professional standards. This sets them apart from the rest.

When your firm is regulated by RICS, your clients and the public are assured that your firm:

  • possesses the required skills and competencies
  • adheres to globally recognised standards
  • manages conflicts of interests transparently
  • handles complaints and disputes fairly
  • manages finances appropriately
  • protects the security of client money
  • behaves ethically, and acts with integrity and honesty
  • provides adequate and appropriate indemnity for work.

Benefits of regulating your firm

Firm regulation does not cost anything. Regulated firms can sponsor their valuers for Valuer Registration at a fee that reduces as the number of sponsored valuers increases.

RICS regulation provides confidence to consumers and markets by assuring quality, consistency and transparency, while enhancing a professionals’ status. It protects the public interest and RICS professionals through quality assurance and accreditation requirements.

Three steps to get regulated

  1. A firm must meet the requirements set out in the rules for the registration of firms.
  2. Upon registration, a firm is required to have adequate and appropriate Professional Indemnity Insurance and a complaints handling procedure.
  3. Once a firm’s application is approved, it will be discoverable on Find a Surveyor, our global database of surveying firms.