RICS members' clients and employers are confident. They know that the RICS credential represents consistently high standards of professionalism and conduct.
RICS notes a critical difference between standards creation and standards implementation and enforcement. RICS provides robust technical standards to its members. It does not necessarily set these standards. RICS assures quality by training and regulating the individual professional to work in accord with appropriate standards. Advisory and best practice standards represent the majority of RICS standards output. These documents set out RICS recommended approaches to particular areas of practice and service lines.
In valuation, for example, RICS accepts and supports the International Valuation Standards Committee (IVSC) as the standards creator for valuation. The RICS Red Book embraces IVSC's standards, and contains the implementation and enforcement rules that require members to follow IVS. Thus the Red Book ensures that an RICS member's client is getting the highest quality and most professional delivery of a valuation, carried out under IVS.