What is RICS?

The Royal Institution of Chartered Surveyors (RICS) is the global professional body for surveying, valuation and the built environment. Chartered members use the post-nominals MRICS or FRICS and must follow the RICS Rules of Conduct, including mandatory PI insurance and CPD. Mortgage lenders typically require a RICS Homebuyer Report or Building Survey before lending. RICS valuations are also used for tax, probate and dispute resolution.