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RICS Launches Valuation Regulation Scheme

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RICS  Royal Institution of Chartered Surveyors  real estate valuations  Jean Philippe Carmarans  Valuer Registration Scheme 

RICS Launches Valuation Regulation Scheme

By - Tuesday 13 September 2011

The Royal Institution of Chartered Surveyors (RICS) in Europe has launched a Valuer Registration Scheme with the intention of improving confidence among investors, asset managers and lenders with regards to the accuracy of real estate valuations. It is hoped that the organisation will be able to provide a list of highly qualified professionals around the world, enabling those putting their money into the property market to ensure that the valuation of their assets are correct.

Head of valuation France at DTZ and member of the Rics Europe Valuation Board Jean-Philippe Carmarans commented: "By promoting an international approach and improving global regulation, the process of deciding on property and land value will be increasingly accurate." The organisation revealed that in the first phase of the scheme's launch, 13,500 registered valuers signed up. There are currently over 100,000 qualified Rics members operating in 146 countries around the world, while there are a further 71,000 students and trainees also working with the institution.

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