Royal Institution of Chartered Surveyors

"RICS" redirects here. For the gene, see RICS (gene).

The Royal Institution of Chartered Surveyors
Formation1868; 156 years ago (1868)
TypeProfessional body
HeadquartersLondon, England, UK
Coordinates51°30′3″N 0°7′41″W / 51.50083°N 0.12806°W / 51.50083; -0.12806
Region served
Worldwide
Membership
134,000 (2021)[1]
Chief executive officer
Justin Young (July 2023 - Present)[2]
President
Tina Paillet (2024)[3]
Staffc. 900
Websitewww.rics.org
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The Royal Institution of Chartered Surveyors (RICS) is a global professional body for those working in the Built Environment, Construction, Land, Property and Real Estate. The RICS was founded in London in 1868. It works at a cross-governmental level,[4][5] and aims to promote and enforce the highest international standards[6][7] in the valuation, management and development of land, real estate, construction and infrastructure.

Founded as the Institution of Surveyors, it received a royal charter in 1881, and in 1947 became the Royal Institution of Chartered Surveyors. With a London HQ and regional offices across the United Kingdom, plus international offices, it serves a 134,000-strong membership distributed over nearly 150 countries. The RICS is linked to other national surveying institutions, collaborates with other professional bodies, and, in 2013, was a founder member of a coalition to develop the International Property Measurement Standards (IPMS). It also produces cost information and professional guidance on valuation and other activities.

In September 2021, an independent review exposed poor governance practices at the highest levels of the RICS organisation, prompting the resignations of the president, chief executive, interim chair of the governing council, and chair of the management board, in addition to the earlier resignation of the chief operating officer. The report was labelled an "appalling advert for our profession on the world stage". A subsequent review published in June 2022 demanded a "transformation of the institution carried out at pace".

  1. ^ Cite error: The named reference RICS was invoked but never defined (see the help page).
  2. ^ "RICS appoints Justin Young as new CEO". BE News. 19 June 2023. Retrieved 19 June 2023.
  3. ^ Norman, Paul. "Former Generali Chief Becomes RICS President". CoStar. Retrieved 24 January 2024.
  4. ^ "Morning Briefing: RICS survey highlights housing market concerns". Inside Housing. Retrieved 15 February 2019.
  5. ^ Kollewe, Julia (17 January 2019). "UK house prices fall at fastest rate in six years on back of Brexit – RICS". The Guardian. ISSN 0261-3077. Retrieved 15 February 2019.
  6. ^ "RICS: Upholding Professional Standards". rics.org. Retrieved 15 February 2019.
  7. ^ "RICS looks to certify 10,000 chartered surveyors in India by 2029". Moneycontrol. 30 October 2018. Retrieved 15 February 2019.