For the first time, RICS, the mark of property professionalism, offers firms across all of Europe the opportunity to become Regulated by RICS and demonstrate to the public their ethical commitment in their daily business practices (15 November 2010).

With 10,000 firms already successfully registered in the UK since 2007, RICS regulation is now available on a voluntary basis to qualifying firms in continental Europe, with the aim of bringing increased client confidence and transparency to the real estate market.

Being Regulated by RICS will enable firms to benefit from the prestige and validation of a recognised and respected world renowned regulatory body. By using the designation Regulated by RICS and the RICS logo, firms will publicly advertise their commitment to a strict code of conduct.

Furthermore, firms will also benefit from effective monitoring and regulatory advice in order to improve their business practices.

To register as an RICS regulated firm and benefit from these advantages, at least 50% of the directors/principals in the firm need to be RICS members and offer surveying services to the public. Registering is free of charge.

Already now, approximately 30 European firms have signed up and expressed their interest to become RICS regulated firms.

According to Diane Telford, Director of Regulation Operations at RICS:

“Many European firms are already recognising the advantages of being ‘Regulated by RICS’. It offers a level of recognition, professionalism and confidence that’s unrivalled throughout the world and gives their business true global identity”.