RICS Regulation

The RICS establishes regulations of the highest standards of competence and integrity among its Chartered members in relation to providing advice on property.

All RICS members must comply with the regulations which include, amongst others, the following:

  • To have qualified, or be qualifying, as a Chartered Surveyor. This normally involves obtaining a degree and thereafter passing a test assessing professional competence after a minimum of two years appropriate experience supervised by a Chartered Surveyor. Thereafter, members are obliged to undertake continuing professional development to ensure that they keep abreast of changes relating to the property sector;
  • To comply with certain Codes of Practice defining best standards including the Service Charge Code and the Lease Code;
  • To join the Clients Money Protection Scheme where money is held by the firm. This sets out and monitors strict procedures and provides insurance for clients where errors have been made;
  • To abide by a formal framework for valuations known colloquially as the Red Book;
  • To have proper Professional Indemnity Insurance to cover situations where negligent advice or actions occur; and
  • To have a Complaints Handling Procedure enabling aggrieved clients to implement a system of redress.
  • The RICS is continually reviewing procedures to be consistent with the evolution of business practises.

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Units 5 & 6 Canada Close, Banbury, Ox16 2RT

The subject properties are situated in Canada Close just off the A361 Southam Road and Marley Way and forms part of the Canada Business Park, located approximately ¾ mile from… read more →

43 South Bar, Banbury, OX16 9AB

The property is situated fronting South Bar in the main business and professional area of Banbury, close to Banbury Cross. The surrounding occupiers include Spratt Endicott, Bower & Bailey Solicitors,… read more →

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