753617
Description
Mind Map by jameshogben, updated more than 1 year ago
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Created by jameshogben
about 10 years ago
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RICS Valuation -
Professional Standards
(Effective 6th January 2014)
- Principal Purpose
of the Red Book
- Consistency / Objectivity /
Transparency
- Globally recognised high level
valuation princiapls and
defenitions
- Effective implementation is the
key
- Reccognises and adopts the
IVS by requiring members to
follow them
- Reinforced by RICS Ethics,
Skills and Conduct
- Confidence and Assurance
to Clients
- Consistency / Objectivity /
Transparency
- Red Book Structure
- Three distinct headings
- Mandatory
- RICS
Professional
Standards (PS)
- PS 1 Compliance with
standards and practice
statements where a written
valuation is required
- PS 2 - Ethics, Competency,
Objectivity and Disclosures
- PS 1 Compliance with
standards and practice
statements where a written
valuation is required
- RICS Global
Valuation
Practice
Statements
(VPS)
- VPS 1 - Minimum Terms of Engagement
- VPS 2 - Inspections and Investigations
- VPS 3 - Valuation Reports
- VPS 4 - Bases of Value, Assumptions and Special
Assumptions
- VPS 1 - Minimum Terms of Engagement
- RICS
Professional
Standards (PS)
- Advisory
- RICS Global
Valuation Practice
Guidance
Application
(VPGA)
- RICS Global
Valuation Practice
Guidance
Application
(VPGA)
- Mandatory
- Three distinct headings
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