The changes to the RICS Red Book 2012 edition

Anthony Banfield
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Anthony Banfield: Banfield Real Estate Solutions Ltd., UK

Journal of Building Survey, Appraisal & Valuation, 2013, vol. 2, issue 2, 141-148

Abstract: The Red Book, as it is colloquially known, sets out the procedures that must be followed by RICS Registered Valuers when carrying out valuations. The full title of the current version of the Red Book is the RICS Valuation — Professional Standards, 2012 and it is effective from 30th March, 2012. It replaced the previous edition — RICS Valuation Standards 7th Edition — which was published in 2011. So why is it necessary to have a new edition so soon and what are the main changes?

Keywords: Red Book; RICS valuations — professional standards; RICS valuation; valuation standards (search for similar items in EconPapers)
JEL-codes: R3 (search for similar items in EconPapers)
Date: 2013
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