Red Book scope and Red Book exceptions Feb 2016 (ARCHIVED)
This commentary on Red Book scope and Red Book exceptions was issued by the RICS Valuation Standards Board in February 2016.
An internal review of Valuer Registration had highlighted that there were genuine doubts among some members about the extent to which all or part of their work falls within the scope of the Red Book, more particularly whether it is, or is not, within one of the exceptions specified in PS 1 section 6 paragraph 6.2.
Although not formally part of the Red Book, the material below is intended to assist members by addressing some of the practical issues that arise in their day-to-day work, providing more detailed explanation and comment, which it is hoped will cover most situations. The material is in three parts:
- Part 1 addresses issues about the overall scope or 'reach' of the Red Book.
- Part 2 covers the principles underlying the Red Book 'exceptions' in more detail.
- Part 3 considers some practical examples drawn from 'real world' situations.
Parts 1 and 2 are of global application. Part 3 initially contains mainly UK examples, but will be progressively developed to include examples from all World Regions.
Since then a new edition of the global Red Book has been issued. For the latest issue go to www.isurv.com/redbook
- File type: PDF
- Size: 120.98 KB
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