RICS Certification

The Royal Institution of Chartered Surveyors (RICS) is a professional body. It promotes and enforces the highest international standards in the valuation, management and development of land. Similarly, it offers and insists on standards in real estate, construction and infrastructure. The organisation’s motto is “Est modus in rebus” (“There is measure in all things”).

RICS work at a cross-governmental level to implement a single, international standard. This therefore suppports a safe and vibrant marketplace in land, real estate, construction and infrastructure, for the benefit of all.

Professionals holding RICS qualifications may use these designations after their name: AssocRICS (Associate), MRICS (Member), FRICS (Fellow). Those with the designation MRICS or FRICS are also known as chartered surveyors.

RealCorp Luxembourg’s Managing Director Michael Chidiac is a fellow of the Royal Institution of Chartered Surveyors. Some other staff also hold RICS qualifications.

RICS headquarters is in London. Its main support functions are in Birmingham. There are regional offices in the United Kingdom, across mainland Europe, in China, Hong Kong, Singapore, Australia, the Middle East, Sub-Saharan Africa, North America and Brazil.

Nearly 150 countries have RICS-qualified professionals. RICS accredits approximately 125,000 qualified and trainee professionals worldwide. Although the majority of accredited individuals are based in the United Kingdom, there are also many in mainland Europe, Australia and Hong Kong. There is strong growth globally, particularly in China, India and the Americas.

RICS has close links with many national surveying institutions. It is a founding member association of the International Federation of Surveyors (FIG). Within RICS the primary areas of practice represented at FIG are geomatics (land and hydrographic survey), environment, planning, construction and valuation.

RICS works closely with other professional bodies, central banks and international organisations such as The United Nations, World Bank and The European Union.

Find more information at https://www.rics.org or https://en.wikipedia.org/wiki/Royal_Institution_of_Chartered_Surveyors.

RICS Surveyors to use IPMS for Offices in 2016

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Did you know? RICS Chartered Surveyors can now apply International Property Measurement Standards (IPMS) in Luxembourg. The BACS (Belgium Luxembourg Association of Chartered Surveyors) code of measuring standards, currently widely used in Luxembourg, will be replaced by IPMS in January … Continue reading

The RICS Chartered Surveyors are Coming!

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Congratulations are due to Laurent Pedrini, our Manager – Corporate Real Estate Services, who has joined the swelling ranks of Royal Institution of Chartered Surveyors (RICS) Chartered Surveyors at RealCorp. When did you receive the qualification? I passed the RICS … Continue reading

To Lease or Own Commercial Real Estate?

Posted in Acquisition, Asset Management, Laws and Regulations, Newsletters, Real Estate Finance, Rental, RICS Certification | Tagged , , , , | Comments

The commercial real estate industry has been slow to embrace social media. However, many useful articles appear online if you know where to look. One blog post recently discussed at RealCorp is “The Pros and Cons of Leasing vs Owning”, … Continue reading

Agency Head Now an RICS Chartered Surveyor

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Congratulations to Tehdi-Edouard Babigeon! Our highly experienced Head of Letting and Sales has put another feather in his cap with his recent qualification as a Chartered Surveyor through the Royal Institute of Chartered Surveyors (RICS). We asked Tehdi why he … Continue reading

Global measurement standard for Luxembourg?

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A recent article in The Real Deal about the proposed new global measurement standards for property* announced that New York City is not keen on the idea. Writer Hiten Samtani summarises the purpose of the initiative thus: The hope is … Continue reading

The Valuation Process in Luxembourg

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When you need, or think you may need, a valuation of commercial property for any purpose (see Do you need a valuation?), the first step is to find a suitably qualified Valuer. Find a Valuer The UK-based Royal Institution of … Continue reading

Valuing the new RICS Valuer Registration Scheme

Posted in Laws and Regulations, Real Estate Investment Funds, Rental, RICS Certification, Standards | Comments

Given the volatility of markets in these turbulent times, investors in real estate and real estate funds naturally want to know that their advisors really are qualified to guide their choices and to manage their investments. Yet it is undeniable … Continue reading