RICS Red Book

The RICS Red Book is a key guideline published by the Royal Institution of Chartered Surveyors (RICS) that sets standards for valuation and appraisal of property and land. It ensures that assessments are conducted consistently and professionally, enhancing trust in the figures provided. The Red Book covers methodologies, ethical practices, and reporting requirements for valuers, helping them deliver reliable valuations for various purposes, such as sales, purchases, or financial reporting. Its aim is to ensure transparency and professionalism in the real estate market, thereby protecting the interests of clients and stakeholders.