11 SEP 2017
RICS has today launched an updated version of the UK residential real estate agency, RICS professional statement.
With the increased focus on the need for ethical practice and transparency in residential sales and lettings the professional statement sets out clearly the responsibilities of RICS professionals to ensure they are working to the highest ethical and professional standards.
The new statement will also include updates to mandatory guidance on conflicts of interest and behaviour, client money protection, and financial crime aspects.
Developed following extensive industry consultation and supported by both ARLA and NAEA the new document brings the UK statement into line with global guidelines and for the first time is mandatory for RICS professionals working in residential sales and lettings.
The RICS Residential property standards (the 'Blue Book') is the definitive set of standards for all agents involved with sales, lettings and management of residential property. To coincide with its launch a debate is being held at RICS on Monday evening opportunity to discuss the evolving nature of being a professional in this sector.
Look out for further communications from this event.