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Press release

11 SEP 2017

Launch of UK residential real estate agency, RICS professional statement

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.

View and download this standard

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.

The session

  • The role of a professional and why standards matter in residential agency.
  • The risks facing estate and lettings agents and the impact of technology on professionalism.
  • Is there a role for professionalism in an online environment?
  • Increasing proliferation of government regulation.
  • Estate agents’ role in emerging private rented sector.
  • Includes the most up-to-date legal cases relating to residential agency practice.

Look out for further communications from this event.