Red Book (RICS Valuation – Global Standards)

The Red Book, officially known as RICS Valuation – Global Standards, is a set of professional guidelines created by the Royal Institution of Chartered Surveyors. It ensures that property valuations are consistent, transparent, and reliable worldwide. The standards cover principles and best practices for valuers to follow when assessing the worth of real estate, whether for buying, selling, financing, or investment purposes. By adherence to the Red Book, valuation reports maintain high quality and credibility, providing clients with confidence in the accuracy and integrity of the valuation process.