In this newsletter… - Developments in Regulation governance and vacancies
- Brokerage standards questionnaire
- Signing of valuation reports
- How to update your CPD online
- Find out about regulation-related CPD
- Sign up to Valuer Registration
developments in regulation governance and vacancies
The aim of Regulation is to have a truly global presence. To this end we have established a number of World Regional Regulatory Advisory Panels (‘WRRAP’), including one for the Asia Pacific Region. The WRRAP will deal with ethical and regulatory matters and keep the Regulatory Board updated on local matters and conditions. Both members and non-members will make up the panel. We are now seeking expressions of interest from members who would like to assist the global roll-out and sit on the panel. Such members should not sit on any other board or committee. If you would like to put forward your name or the name of another member, or if you would like to have more information please contact Ian Thomas.
There is also a vacancy on the Regulatory Board, the body to which the Regulation Department reports. For further details please contact Ian Thomas.
brokerage standards questionnaire
Georgiana Hibberd, Associate Director, Residential, on behalf of herself and three other Directors, asks for your help in answering a questionnaire. Georgie sets out the background to the request in this way.
In response to a request from members, in various parts of the world, we would like to consult you and your membership on a proposal to combine the core Real Estate Code and the core Real Estate Management Code into a global Practice Statement (A document that provides members with mandatory requirements under Rule 4 of the Rules of Conduct). This will therefore ensure that the core principles around which the Real Estate Agency and Brokerage Standards and the Real Estate Management Guidance Note are currently written will become mandatory for members and underpin the RICS Global Ethical Standards in the area of residential and commercial real estate agency, brokerage and management.
This is a real opportunity to add your voice to the debate on advancing standards world-wide and we would urge you to consider taking part. The questionnaire should not take more than about fifteen minutes and can be found here.
For further information contact Georgie Hibberd. I regret that the deadline is Tuesday, 28 May 2013 in order that the responses can be considered by the Knowledge Board.
signing of valuation reports
Regulation Asia Pacific recently received a complaint from a member of the business community regarding a valuation report he had asked a company to prepare. The company appears to be one that engages the services of individual valuers on an agency basis. Unfortunately, the complainant was not able to identify to us the valuer concerned as the report was unsigned and no name was disclosed. The company has refused to supply such details to the complainant. Please ensure that all valuation reports bear your signature and name. Regulation will regard it as a disciplinary breach if the valuer concerned does not identify himself and sign the report.
updating your cpd records online
We make no apology for returning to this matter. All CPD records are now held online and the website has been improved to make it much more user-friendly. You are able to check your individual records and to ensure that they conform to the new policy that came into effect at the beginning of the year. There are more training opportunities than ever before, including the online RICS Academy offerings. We welcome any and all feedback in this regard and would like to know your views on the change to the website.
regulation cpd events
Regulation held two very successful CPD events in Shanghai and in Beijing in March and April. Capacity audiences enjoyed presentations on risk assessment and management, professional indemnity insurance, the theory and practice of valuation and the benefit of the Valuer Registration framework. On 14 June 2013, Regulation will be in Guangzhou when we shall present similar topics. The persons delivering the presentations are experts in their field, both within the profession and from allied bodies.
To sign up for this valuable opportunity please contact Fiona Liang in our Guangzhou office. How to sign up to Valuer Registration - Registration CPD events have helped members to focus on how the RICS Red Book and VR help them mitigate risk in valuation work. We have set out the benefits of signing up as an RICS Registered Valuer here. If you wish to find out more about Valuer Registration, please email Jan Chan (jchan@rics.org) or Phoebe Tse on (ptse@rics.org)
Ian Thomas
Senior Regulatory Development Manager, Asia Pacific
ithomas@rics.org
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