RICS, which stands for the Royal Institution of Chartered Surveyors, is a professional organization based in the United Kingdom but with a global presence. It was founded in 1868 and received its Royal Charter in 1881. RICS is a professional body that represents and regulates property professionals, including chartered surveyors. Its mission is to promote and enforce the highest international standards in the valuation, management, and development of land, real estate, construction, and infrastructure.
RICS members, known as chartered surveyors, are professionals who have met the organization’s rigorous education, experience, and ethical standards. They work across various sectors, including real estate, construction, infrastructure, and land management, providing expert advice and services related to property and the built environment.
RICS is involved in setting and maintaining industry standards, offering training and accreditation for professionals, conducting research, and providing guidance on various aspects of the real estate and construction sectors. The organization plays a vital role in ensuring professionalism, integrity, and ethical conduct within the property and construction industry worldwide.
RICS also publishes guidelines, research reports, and best practice documents, which are widely recognized and used in the industry to promote excellence and consistency in the field of surveying and property-related services.
The Royal Institution of Chartered Surveyors (RICS) offers a range of services and benefits to its members and the broader property and construction industry.
Key Facts about the RICS
Here are some of the key offerings and activities provided by RICS:
- Professional Accreditation: RICS sets and maintains high professional and ethical standards for its members, who are known as chartered surveyors. Becoming a chartered surveyor involves meeting stringent education, experience, and assessment requirements. RICS provides the accreditation and recognition that signifies a surveyor’s expertise and professionalism.
- Training and Education: RICS offers a variety of training programs, courses, and continuing professional development (CPD) opportunities for its members. These programs help surveyors stay up-to-date with industry knowledge, trends, and best practices.
- Standards and Guidance: RICS develops and publishes industry-leading standards, guidelines, and best practice documents related to property, construction, and land management. These standards cover a wide range of topics, from property valuation to building regulations, and are widely used by professionals in the industry.
- Research and Thought Leadership: RICS conducts research on various aspects of the property and construction sectors and publishes reports and insights. This research helps inform industry professionals, policymakers, and the public about important issues and trends. Why not read our guide on how to choose the best estate agent in 2024 guide.
- Networking and Events: RICS organizes conferences, seminars, and networking events that allow professionals in the field to connect, share knowledge, and stay informed about industry developments.
- Advocacy and Representation: RICS represents the interests of its members and the industry as a whole. It engages with policymakers and government bodies to influence policies and regulations that affect the property and construction sector.
- Dispute Resolution: RICS offers dispute resolution services, including arbitration and mediation, to help parties involved in property and construction disputes reach fair and impartial resolutions.
- Global Reach: RICS has a global presence with offices and members in many countries, making it a valuable resource for professionals working internationally. It promotes international standards and best practices in the industry.
- Public Trust and Consumer Protection: RICS plays a role in promoting consumer protection and building public trust in the profession by upholding high ethical standards and providing a platform for individuals to raise concerns about RICS members’ conduct.
The RICS serves as a professional body that supports and regulates the chartered surveying profession while also providing resources and guidance to professionals in the property, construction, and land management sectors. Its mission is to promote excellence, integrity, and professionalism within the industry.