UNCERTAIN TIMES THE COVID-19 PANDEMIC HAS LED TO THE USE OF MATERIAL UNCERTAINTY CLAUSES IN RED BOOK VALUATION REPORTS.
T
he
RICS
Valuation
Global
Standards,
?
more commonly known as the Red Book, which complies with the International
Valuation Standards, is globally recognised and respected as the basis for all RICS Registered Valuers providing a written valuation, who are required to comply with the Standards. One of the core aims of the Standards is to improve consistency across the profession and, crucially, provide transparency for clients on the valuation methods used in assessing the value of a property, and that the instruction is undertaken in a methodical manner.
FEATURE Shane O’Beirne Professional Services Dept., Lisney Chair, SCSI Material Uncertainty Forum
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SURVEYORS JOURNAL Volume 10, Issue 3, Autumn 2020
ONE OF THE CORE AIMS OF THE STANDARDS IS TO PROVIDE TRANSPARENCY FOR CLIENTS ON THE VALUATION METHODS.
