The Royal Institution of Chartered Surveyors (RICS) has issued a U.K. national supplement that sets out specific requirements for members on the application of the RICS Valuation – Global Standards 2017 to valuations subject to U.K. jurisdiction. The material is supplemental to that in the RICS Red Book, global edition, and is not a substitute for it. The RICS global standards adopt International Valuation Standards (IVS) 2017 and also place a number of additional requirements on RICS members.
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