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Video: RICS valuer registration scheme
RICS is to introduce a regulatory monitoring scheme for members who undertake valuations in accordance with RICS Valuations Standards - The Red Book. For the first time, standards and regulation will be linked to a specific area of practice. Until now regulation has been limited primarily to the conduct of business.
Named the Valuer Registration Scheme, it will be self-funded by the members and firms who meet the scheme's criteria. Registered members will be called a 'RICS Registered Valuer'.
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As of November 2008,