RICS Draft Professional Statement - Statement of ethical principles and rules of conduct, 1st edition


The Rules of Conduct are designed to effect positive change in the built and natural environments, through promoting and enforcing the highest ethical standards in the development and management of land, real estate, construction and infrastructure. Professional ethical practice by RICS members and firms provides a foundation for effective markets, pioneers better places to live and work and is a force for positive social impact.

The Rules of Conduct apply to all members and firms worldwide. References to firms in this document means firms regulated by RICS. References to client in this document means anyone to whom a member or firm has agreed to provide a professional service.

The five rules provide a structure for making decisions about how to behave as a professional. Members must use their professional judgement in applying these principles to the situations they face in practice and firms must support individuals working for them to do so. The rules are primarily about professional conduct, but personal conduct may be relevant to the rules where it may damage public confidence in the profession.

This document provides examples of behaviours that would indicate a member or firm had complied with the rule. These examples are not exhaustive. For all behaviours RICS expects a member or firm to do what is reasonably possible to achieve the outcome described.

Not every breach of the rules will result in disciplinary action, and disciplinary processes are not intended to replace other processes for resolving fee disputes or compensating for poor service or mistakes. Members and firms (in particular their responsible principal) should be prepared to explain their actions and how they have complied with the rules, even if they have not followed an example behaviour.

Appendix A sets out the core professional obligations of members and firms to RICS.

This document implements the International Ethics Standards (IES), as explained in the IES implementation document on the RICS website.