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Practical considerations for RICS valuers operating in the USA [Electronic resource]

By: Contributor(s): Language: English Series: RICS Practice Information | RICS Red BookPublication details: London, Royal Institution of Chartered Surveyors, May 2024Edition: 1stDescription: 18pISBN:
  • 9781783215263
Subject(s): Online resources: Summary: This Practice Information paper has been developed by an expert group comprising USA based members with expertise of USA and global valuation standards, and provides an overview of the practical considerations and differences RICS members should be aware of if they want to undertake valuations in the USA. RICS members still need to operate in accordance with Red Book Global Standards when operating outside of their country of origin, but there are additional practical and reporting requirements when operating in the USA to ensure compliance with the Uniform Standards of Professional Appraisal Practice, which is the recognised ethical and performance standard for the appraisal profession in the USA.
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This Practice Information paper has been developed by an expert group comprising USA based members with expertise of USA and global valuation standards, and provides an overview of the practical considerations and differences RICS members should be aware of if they want to undertake valuations in the USA. RICS members still need to operate in accordance with Red Book Global Standards when operating outside of their country of origin, but there are additional practical and reporting requirements when operating in the USA to ensure compliance with the Uniform Standards of Professional Appraisal Practice, which is the recognised ethical and performance standard for the appraisal profession in the USA.