RICS enhanced regulatory framework for valuation - add salt before swallowing

RICS have announced that they are looking to 'develop an enhanced regulatory framework for valuation that will raise professional standards and help secure the accurate valuations.'

What a joke.

RICS have been telling us for years that their valuations followed strict guidelines, with 'compliance with the Red Book (which is mandatory for all RICS members and regulated firms)'.

It seems that like the FSA they failed to regulate in the way that they were expected to, which has lead to a mass of false and inaccurate valuations particularly in the new build sector.

Well, here they go again. All mouth and no trousers if you ask me.

Read more on their new promises, but as with all these failed institutions, add a pinch of salt before swallowing.

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