RICS Valuation – Global Standards 2017 jurisdiction guides
The Red Book Global Edition and, where they apply, the national supplements are written
primarily for valuers. By contrast, jurisdiction guides will be of use especially to
property owners and professionals who are involved in the valuation process, either by
commissioning a valuation or by providing advice in relation to its outcome. Owners and
their advisers do not usually need to know the full detail of the valuation process and the
regulations that govern it (which are set out in Red Book Global Edition), but their understanding of the outcome of the valuation is likely to benefit from a better understanding of the key factors that will influence a valuer, and thus the value of the property.