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The Royal Institution of Chartered Surveyors (RICS) is a global
professional body A professional association (also called a professional body, professional organization, or professional society) is a group that usually seeks to advocacy, further a particular profession, the interests of individuals and organisations engaged in ...
for those working in the Built Environment, Construction, Land, Property and Real Estate. The RICS was founded in London in 1868. It works at a cross-governmental level, and aims to promote and enforce the highest international standards in the valuation, management and development of
land Land, also known as dry land, ground, or earth, is the solid terrestrial surface of Earth not submerged by the ocean or another body of water. It makes up 29.2% of Earth's surface and includes all continents and islands. Earth's land sur ...
, real estate,
construction Construction are processes involved in delivering buildings, infrastructure, industrial facilities, and associated activities through to the end of their life. It typically starts with planning, financing, and design that continues until the a ...
and infrastructure. Founded as the Institution of Surveyors, it received a royal charter in 1881, and in 1947 became the Royal Institution of Chartered Surveyors. With a London HQ and regional offices across the United Kingdom, plus international offices, it serves a 113,000-strong membership distributed over nearly 150 countries. The RICS is linked to other national surveying institutions, collaborates with other professional bodies, and, in 2013, was a founder member of a coalition to develop the
International Property Measurement Standards International Property Measurement Standard (IPMS) is a standardised and globally applicable method for measuring property. It aims to address current inconsistencies in the way property of all types is measured from one market to the next, i ...
(IPMS). It also produces cost information and professional guidance on valuation and other activities. In September 2021, an independent review exposed poor governance practices at the highest levels of the RICS organisation, prompting the resignations of the president, chief executive, interim chair of the governing council, and chair of the management board, in addition to the earlier resignation of the chief operating officer. The report was labelled an "appalling advert for our profession on the world stage". A subsequent review published in June 2022 demanded a "transformation of the institution carried out at pace".


History

RICS was founded in London, England, as the Institution of Surveyors after a meeting of 49 surveyors at the Westminster Palace Hotel on 15 June 1868. The inaugural president was John Clutton (who founded Cluttons, a property firm still in business today). The organisation has occupied headquarters on the corner of Great George Street and Little George Street since then. It received a
Royal charter A royal charter is a formal grant issued by a monarch under royal prerogative as letters patent. Historically, they have been used to promulgate public laws, the most famous example being the English Magna Carta (great charter) of 1215, but ...
as The Surveyors' Institution on 26 August 1881, The charter required RICS to "promote the usefulness of the profession for the public advantage in the UK and in other parts of the world." The Surveyors' Institution became the Chartered Surveyors' Institution in 1930. In 1946,
George VI George VI (Albert Frederick Arthur George; 14 December 1895 – 6 February 1952) was King of the United Kingdom and the Dominions of the British Commonwealth from 11 December 1936 until Death and state funeral of George VI, his death in 1952 ...
granted the title "Royal" and in 1947 the professional body became the Royal Institution of Chartered Surveyors. The RICS (with the CIOB, CIBSE, IstructE and
RIBA ''Riba'' (, or , ) is an Arabic word used in Islamic law and roughly translated as " usury": unjust, exploitative gains made in trade or business. ''Riba'' is mentioned and condemned in several different verses in the Qur'an3:130
) was a founder member of the Building Industry Council, today the Construction Industry Council, in 1988. In March 2025, RICS president Justin Sullivan "agreed to step aside" following criticism of his role as an expert witness in legal case regarding a £32.5 million moth-infested mansion. Sullivan referred himself to the body's standards and regulatory board. Nick Maclean, who is due to take over the presidency in 2026, was appointed as acting president temporarily.


Coat of Arms

On December 1967 the RICS was granted a coat of arms by the
College of Arms The College of Arms, or Heralds' College, is a royal corporation consisting of professional Officer of Arms, officers of arms, with jurisdiction over England, Wales, Northern Ireland and some Commonwealth realms. The heralds are appointed by the ...
:


International influence

RICS has close links with many national surveying institutions and is a founding member association of the
International Federation of Surveyors International Federation of Surveyors ( abbreviated FIG, after the ) is the UN-recognized global organization for the profession of surveying and related disciplines. It was established in 1878,
(FIG). Within RICS the primary areas of practice represented at FIG are
geomatics Geomatics is defined in the ISO/TC 211 series of standards as the "discipline concerned with the collection, distribution, storage, analysis, processing, presentation of geographic data or geographic information". Under another definition, it ...
(land and hydrographic survey), environment, planning, construction and valuation. RICS works in close collaboration with other professional bodies, central banks and international organisations such as
The United Nations The United Nations (UN) is the global intergovernmental organization established by the signing of the UN Charter on 26 June 1945 with the stated purpose of maintaining international peace and security, to develop friendly relations among ...
,
World Bank The World Bank is an international financial institution that provides loans and Grant (money), grants to the governments of Least developed countries, low- and Developing country, middle-income countries for the purposes of economic development ...
and The European Union. In 2013, RICS was a founder member of the coalition to develop
International Property Measurement Standards International Property Measurement Standard (IPMS) is a standardised and globally applicable method for measuring property. It aims to address current inconsistencies in the way property of all types is measured from one market to the next, i ...
, which launched its first standard – for measuring office space – in November 2014. It launched its second standard, for measuring residential buildings, in September 2016. In 2014 RICS was a founder member of the coalition to develop International Ethics Standards, standards designed to add greater consistency to developing and reinforcing professional ethics globally – these launched in December 2016. To add greater consistency to the benchmarking, measuring, and reporting of construction project costs, International Construction Measurement Standards were published in July 2017. The coalition for International Land Measurement Standards – aiding consistency of interpretation and documentation of tenure – launched in June 2016. In each case, coalition member bodies are committed to implementing the new standards through training and guidance for professional practitioners. The RICS is a founder member of the
International Valuation Standards Committee The International Valuation Standards Council (IVSC) is an independent, not-for-profit, private sector standards organisation incorporated in the United States and with its operational headquarters in London, UK. IVSC develops international techn ...
.


Membership

In 2025, there were 113,000 RICS-qualified members of whom 105,000 are "Professional Members" ie Chartered Surveyors in nearly 150 countries. The majority of members are still based in the United Kingdom, but with large numbers also in mainland Europe, Australia and Hong Kong. There is also strong growth in membership globally, particularly in China, India and the Americas. Entry to membership of RICS is via four main routes: academic; graduate; technical; and senior professional. RICS has links with
universities A university () is an educational institution, institution of tertiary education and research which awards academic degrees in several Discipline (academia), academic disciplines. ''University'' is derived from the Latin phrase , which roughly ...
worldwide, with whom they have accredited approved courses which satisfy part of the qualification requirements to become trainee surveyors. RICS also offers expedited routes to membership for qualified professional members of some partner associations. RICS requires members to update their knowledge and competence during their working life through
Continuing Professional Development Professional development, also known as professional education, is learning that leads to or emphasizes education in a specific professional career field or builds practical job applicable skills emphasizing praxis in addition to the transferab ...
. Professionals holding RICS qualifications may use the following designations after their name: *AssocRICS (Associate); previously members at this level were known as Technical Members and used the designation "TechRICS" *MRICS (Member); previously members at this level were known as Professional Associates and used the designation "ARICS". *FRICS (Fellow). *HonRICS (Honorary members) Those with the designation MRICS or FRICS are "Professional Members" entitled to be known as
Chartered Surveyor Chartered Surveyor is the description (protected by law in many countries) of Professional ''Members'' and ''Fellows'' of the Royal Institution of Chartered Surveyors (RICS) entitled to use the designation (and a number of variations such as " Char ...
s and variations such as "Chartered Building Surveyor", "Chartered Valuation Surveyor" or "Chartered Quantity Surveyor", depending on their chosen specialist qualifications and field of expertise. Both AssocRICS and MRICS require the collation of a candidate's training and work experience to be assessed by RICS trained assessors, although some may be eligible for direct entry based on international qualifications. MRICS has a higher technical bar to entry and there is an academic prerequisite which does not exist for AssocRICS. MRICS applications are also subject to an Assessment of Professional Competence (APC) interview, held by a panel of Chartered Surveyors where the candidate's experience, knowledge and technical skill is assessed during the interview. FRICS is the highest accolade awarded and demonstrates the professional achievements of an individual. It is an honoured class of membership awarded and an international measure of excellence. Only those who hold the MRICS designation are eligible to apply for FRICS and they must meet the required number of professional characteristics.


Professional groups

RICS specifies areas of specialism, each with its own professional group, clustered into land, property and construction. Within each professional group there may be further specialisms.


Specialist accreditations

RICS aims to cover, among its practising members, property and construction related expertise generally. Specialised areas of practice expertise for which accreditation is available include: *
Building Information Modelling Building information modeling (BIM) is an approach involving the generation and management of digital representations of the physical and functional characteristics of buildings or other physical assets and facilities. BIM is supported by vario ...
(BIM) Manager Certification *Building Conservation *Chartered Environmentalists *Dispute Resolution *ECO Assessor Certification *Fixed Charge Receivership Scheme *Valuer Registration.


RICS Matrics

The junior branch of RICS, known as Matrics (pronounced "matrix"), provides educational support, charitable and networking activities for surveying students, trainee surveyors (of any age) and Chartered Surveyors with ten years or less post-qualification experience. It comprises some 40 local groups across the United Kingdom. Established in 1889 as the Junior Committee, it became the "Junior Organisation" ("JO") in 1928 and was re-branded as ''"RICS Matrics"'' in 2003. It also has links with the Young Chartered Surveyors in the Republic of Ireland.


Governance

The RICS is governed by a governing council, to which report a management board, a standards and regulation board, and an audit committee.


2019-2021 governance review

In January 2021, the RICS reversed a decision to suppress a 2019 BDO report critical of the organisation's financial
governance Governance is the overall complex system or framework of Process, processes, functions, structures, Social norm, rules, Law, laws and Norms (sociology), norms born out of the Interpersonal relationship, relationships, Social interaction, intera ...
. According to the ''
Sunday Times ''The Sunday Times'' is a British Sunday newspaper whose circulation makes it the largest in Britain's quality press market category. It was founded in 1821 as ''The New Observer''. It is published by Times Newspapers Ltd, a subsidiary of N ...
'', four non-executive directors had expressed concerns about the report's findings, but were dismissed in November 2019 by then president Chris Brooke. Following a letter from four past presidents, the RICS initially rejected an independent review, but, after the ousted directors also wrote a letter, then said its governing council would "revisit" the issue, and on 22 January 2021 announced it would initiate an independent inquiry into the affair. In 2019, RICS finances were reported to have been in a difficult position, the organisation having made a pre-tax loss of £4.7m on £91.3m of income from fees and commercial activities. It subsequently made 140 people redundant. In February 2021, the RICS president Kathleen Fontana said that, in addition to the independent review into the audit report, the governing council was agreeing a strategic review into the institution's governance and member engagement. ''
Building A building or edifice is an enclosed Structure#Load-bearing, structure with a roof, walls and window, windows, usually standing permanently in one place, such as a house or factory. Buildings come in a variety of sizes, shapes, and functions, a ...
'' reported member views that expensive membership fees did not reflect the benefits they receive, and that RICS' international expansion had been "at the expense of its core UK membership, which feels disengaged and neglected". In April 2021, Peter Oldham, the chair of the independent review of RICS's governance resigned "for professional reasons", to be replaced by
Alison Levitt Alison Frances Josephine Levitt, Baroness Levitt, (born 27 May 1963), is a British barrister. She was the principal legal advisor to the director of public prosecutions from 2009 to 2014, working under Keir Starmer, and served as a circuit jud ...
QC with completion delayed to June 2021 – later pushed back to mid-August 2021. On 4 June 2021, ''Building'' reported the "surprise" resignation and immediate departure of RICS' chief operating officer Violetta Parylo amid "a storm of calls" from members for reform. The RICS review of its purpose and relevance had been published in May 2021. Based on 9,000 responses, it reported members' trust in the RICS had plummeted by nearly a third, while satisfaction with membership had fallen to a historic low of 43%.


Levitt review

Levitt's governance review was delivered to the RICS in early August but not immediately made public, prompting calls for its full publication; the report was first reviewed by a five-strong subgroup of RICS's 26-member governing council. ''
Property Week ''Property Week'' is a UK business-to-business magazine which reports on the worldwide commercial and residential property market. It reports news, features and analysis and the latest information from the industry - from development opportuniti ...
'' columnist Peter Bill said "a private tiff has ballooned into a crisis of confidence in the 130,000-member institution" with a defensive management facing a small but powerful group of disaffected members. After the August departure of RICS managing director Matthew Howell, RICS CEO Sean Tompkins resigned on 9 September 2021, when the full Levitt Review was published; Tompkins also forfeited a £190,000 bonus payment. In light of the Review findings, RICS president Kathleen Fontana, the interim chair of the governing council Chris Brooke, and management board chair Paul Marcuse also resigned, and RICS terminated its relationship with London law firm Fieldfisher, criticised by Levitt for being "demonstrably and inappropriately partisan." Levitt said the RICS had made it "as difficult as possible" for people to contact the review; "RICS management and others on occasion" gave an "impression of reluctant acquiescence" during her investigations, she said. Her 467-page report concluded that the four non-executive board members had been wrongly dismissed and that sound governance principles were not followed. The CEO and COO thus operated with little effective scrutiny and become resistant to challenge amid "a power struggle". Levitt recommended "a wide-ranging external review of purpose, governance and strategy, led by an independent reviewer", plus interim recommendations relating to governance, executive remuneration, whistle-blowing and legal advice. The RICS governing council committed to apologise to the dismissed non-executive directors, and to implement all the report's recommendations. On 30 September 2021, ''Building'' reported on a "grovelling public apology" from the RICS to the wrongfully dismissed non-executive directors, and said an external review of the institution's future purpose was set to start within weeks. The ousted non-executive directors welcomed the formal apology but said it was "difficult to accept it as a statement of genuine contrition". Gleeds chairman and ''Building'' columnist Richard Steer called the governance scandal an "appalling advert for our profession on the world stage" and said RICS needed to undergo a "complete restructuring". Paul Roberts, MD of global law firm Secretariat, said all 21 members of the RICS's governing council should be removed and replaced with new blood elected by the RICS membership. In October 2021, the RICS refused a request by 40 former and current employees to launch an investigation into how the institution selected staff to be furloughed during the
COVID-19 pandemic The COVID-19 pandemic (also known as the coronavirus pandemic and COVID pandemic), caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), began with an disease outbreak, outbreak of COVID-19 in Wuhan, China, in December ...
. The employees group alleged that some staff were furloughed as RICS had considered them too supportive of the institution's membership, and sought a review of RICS's human resource procedures, but RICS refused, considering the matter closed. The
Cabinet Office The Cabinet Office is a Departments of the Government of the United Kingdom, ministerial department of the Government of the United Kingdom. It is responsible for supporting the Prime Minister of the United Kingdom, prime minister and Cabinet ...
provided advice on suitable individuals to lead the review of the RICS's future purpose. In December 2021, the RICS announced former senior civil servant Michael Bichard would lead a six-month review into its governance and future purpose, with three objectives set by the RICS's governing council: to "create clarity" about the RICS' purpose, to propose how the organisation could be a "beacon for best practice" in governance, transparency and accountability, and to ensure that governance is "fit for today" and could remain relevant in future.


Bichard review

The 68-page Bichard review, recommending sweeping reforms, was published on 21 June 2022. It said the future success of the organisation would "require nothing less than a transformation of the institution carried out at pace"; the need for change was "urgent" and "unarguable". Bichard's recommendations included: a renewed and increased focus on the public interest remit of RICS, including amending the Royal Charter and creating a public interest panel to advise the RICS's Governing Council; maintaining self-regulation, through greater independence for regulatory functions; increased focus on diversity and inclusion; empowering and enabling members through greater support for regional boards, alongside increased member engagement, with renewed focus on younger members; an independent review of RICS's governance and effectiveness at delivering against its Charter for the public advantage once every five years; a new simplified, clear, accountable governance structure; and greater leadership on major society issues such as sustainability and climate change. Bichard also said the RICS should seek to continue to increase its influence overseas - a policy that was "very contentious" among the institution's 140,000 members. Bichard said: "My aim has been to help create a new sense of purpose and direction so that RICS can once more stand tall as an exemplar professional institution, capable of tackling the challenges which will shape the way we all live our lives in the years to come. Issues such as climate change and sustainability, improving the built environment and building safety all sit within the remit of RICS and will benefit from the contribution which a revitalised RICS could make." Nick Maclean, interim chair of RICS's governing council, said: "The Bichard RICS Review represents a watershed moment for the institution, and a key point in time which sets out a path for permanent improvement. Implementation of the recommendations will provide a solid accountable structure to effectively support our professionals and work in the public interest. RICS governing council strongly endorses the recommendations, and will implement these proposals." McLean was set to stand down on 5 October 2022, his role being abolished as part of Bichard's recommendations; the chief executive role would also be replaced by a new director general. In August 2022, Bichard was appointed as interim senior independent governor through to 31 December 2023, responsible for scrutinising the actions of the RICS' governing council and committees. In December 2022, the RICS announced the establishment of a new board to oversee day-to-day operations and deliver the governing council's strategic plan. It is to be chaired by former
CBRE Group CBRE Group, Inc. (an initialism of Coldwell Banker Richard Ellis) is an American commercial real estate services and investment firm with corporate headquarters in Dallas, Texas and global financial headquarters at Lever House in Midtown Manh ...
director Martin Samworth. He will also review proposed changes to constitutional documents, including the RICS's Royal Charter, recommended in Bichard's review.


Governance review over fire safety

In January 2022, the
Department for Levelling Up, Housing and Communities The Ministry of Housing, Communities and Local Government (MHCLG) is a ministerial department of the Government of the United Kingdom. It is responsible for housing, communities, and local government in England. It was established in May 200 ...
was reporting to be planning legislation to enable regular reviews of the RICS's governance. Ministers were said to be frustrated by a RICS decision in December 2021 to maintain its valuation advice requiring External Wall System forms (EWS1s) on blocks under 18m high. Richard Collins, the RICS's interim CEO, publicly questioned the need for the proposed new law to monitor RICS's governance.


Presidents

The first president was John Clutton, who was elected in 1868. The first female president was Louise Brooke-Smith, who was elected in 2014.


Administration

RICS headquarters is in London, with its main support functions in
Birmingham Birmingham ( ) is a City status in the United Kingdom, city and metropolitan borough in the metropolitan county of West Midlands (county), West Midlands, within the wider West Midlands (region), West Midlands region, in England. It is the Lis ...
. There are regional offices in the United Kingdom, across mainland Europe, in China, Singapore, Australia, the Middle East, Sub-Saharan Africa, North America and Brazil.


Guidance


BCIS

BCIS, the Building Cost Information Service, was established in 1962 and provides independent cost and price information to the construction industry and others needing comprehensive, accurate and independent data. It was spun out of RICS in 2022, becoming an independent company.


Isurv

Isurv is an online information service for expertise in natural and built environments. Launched by the RICS in September 2003, it provides insight from verified legal experts and industry practitioners relating to construction.


Rental valuation of public houses, bars, restaurants and nightclubs in England and Wales

The primary RICS professional guidance on this subject is covered at VPGA 4 Valuation. It provides practical assistance to valuers dealing with public houses which are valued and assessed in a completely different way than other commercial businesses. Public houses are valued by the profits method of valuation, often referred to as Fair Maintainable Trade Or Turnover (FMT). The FMT method applies to tens of thousands of commercial properties in England and Wales and is the basis of rateable valuation by the Valuation Office Agency, who also follow this method. RICS guidance ('The Red Book') emphasises that a valuer specialising in such valuations are regularly involved in the market, as practical knowledge of the factors affecting the market is essential to analysis of comparable transactions.


SMM

The ''Standard Method of Measurement'' (SMM) published by the RICS consisted of classification tables and rules of measurement, allowing use of a uniform basis for measuring building works. It was first published in 1922, superseding a Scottish Standard Method of Measurement which had been published in 1915. Its seventh edition (SMM7) was first published in 1988 and revised in 1998. SMM7 was replaced by the ''New Rules of Measurement'', volume 2 (NRM2), which were published in April 2012 by the RICS Quantity Surveying and Construction Professional Group and became operational on 1 January 2013. NRM2 has been in general use since July 2013. SMM7 was accompanied by the Code of Procedure for the Measurement of Building Works (the SMM7 Measurement Code). Whilst SMM7 could have a
contract A contract is an agreement that specifies certain legally enforceable rights and obligations pertaining to two or more parties. A contract typically involves consent to transfer of goods, services, money, or promise to transfer any of thos ...
ual status within a project, for example in the JCT Standard form of Building Contract), the Measurement Code was not mandatory. NRM2 Is the second of three component parts within the NRM suite: * NRM1 – Order of cost estimating and cost planning for capital building works * NRM2 – Detailed measurement for building works * NRM3 – Order of cost estimating and cost planning for building maintenance works.


Commercial leases

A commercial lease code was published in 2020 as part of an RICS professional statement to promote best practice, replacing a code of practice for commercial leases first developed in 1995, with updates issued in 2002 and 2007. The initial code was seen as an attempt to balance relationships between landlords and premises renters, especially in the
small business Small businesses are types of corporations, partnerships, or sole proprietorships which have a small number of employees and/or less annual revenue than a regular-sized business or corporation. Businesses are defined as "small" in terms of being ...
sector. The code adopted in 2020 reflected a perception that "the lettings market became more evenly balanced between landlords and tenants" by this time. The code operates as a professional statement with mandatory obligations applicable to RICS members and regulated firms, and separately as a "good practice" document without the mandatory requirements, for use outside a professional context.Freedman, P.
The commercial lease code is here
''Property Journal'', published 24 May 2020, accessed 26 May 2024


Charitable works

Lionheart is the benevolent fund for past and present RICS members and their families. The charity was established in 1899 and provides financial support, health and well-being packages, and work-related counselling and befriending support. RICS also supports the Chartered Surveyors Training Trust, which helps young people enter the profession through apprenticeships; Charity Property Help, which provides property advice to charities and voluntary organisations, and The Chartered Surveyors' Voluntary Service (CSVS), a registered charity providing free property advice to people who would otherwise struggle to access professional assistance.RICS


See also

* Chartered Institution of Civil Engineering Surveyors *
Remote Sensing and Photogrammetry Society Remote may refer to: Arts, entertainment, and media * Remote (1993 film), ''Remote'' (1993 film), a 1993 movie * Remote (2004 film), ''Remote'' (2004 film), a Tamil-language action drama film * Remote (album), ''Remote'' (album), a 1988 album by ...


Notes


References


External links


RICS website

AIQS website
{{DEFAULTSORT:Royal Institution Of Chartered Surveyors 1868 establishments in the United Kingdom Construction industry of the United Kingdom Housing in the United Kingdom Interested parties in planning in the United Kingdom Organisations based in London with royal patronage Organisations based in the City of Westminster Organizations established in 1868 Chartered Surveyors Professional valuation organizations Real estate valuation Real estate-related professional associations Surveying organizations Grade II listed buildings in the City of Westminster Home inspection Rural Coalition (England)