What is RICS, and why is it important to employ a Chartered Surveyor when you need a building survey?
An RICS Chartered Surveyor has to comply with the “RICS Rules of Conduct” a set of strict rules and regulations designed to ensure that they perform to high professional and ethical standards. This means that you should get what you agreed to pay for when you instruct a Chartered Survey to undertake a building survey. This means that you should receive a well researched, sufficiently detailed and well written condition report or building survey, that fully informs you about the condition of the property you propose to purchase.
RICS stands for the Royal Institution of Chartered Surveyors. The RICS is "the global professional body promoting and enforcing the highest international standards in the valuation, management and development of land, real estate, construction and infrastructure".
A Chartered Surveyor is a highly trained and experienced property professional who has passed an assessment of professional competence (APC). Professionals holding RICS qualifications may use the designations of: FRICS (Fellow), MRICS (Member), AssocRICS (Associate). Those designated as MRICS or FRICS are usually referred to as Chartered Surveyors.
All members of RICS must abide by a strict code of professional and ethical standards. They are also required to keep up to date with current practice through a program known as Continuing Professional Development (CPD) which involves a minimum of 20 hours of learning per year.
RICS was founded as the Institution of Surveyors in London on 15 June 1868. It received a Royal Charter in 1881. In 1946 it was granted the title "Royal" and the following year obtained its current name of the Royal Institution of Chartered Surveyors.
The headquarters of RICS has been located at the corner of Great George Street and Little George Street, close to the Houses of Parliament and Westminster Abbey in London, since the Institution of Surveyors was founded in 1868.
Nowadays, RICS is located in the Americas, Australasia, Europe, the Middle East and North Africa, South Asia, Southeast Asia and China, Sub-Saharan Africa and the UK and Ireland.
As of 2018, global RICS membership was 125,000.