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RICS Valuation Global Standards 2025 [electronic resource]

By: Language: English Series: RICS Red BookPublication details: London, RICS, November 2024Description: 296pISBN:
  • 9781783214518
  • 9781783215386
Subject(s): Online resources: Summary: Published December 2024, effective from 31 Jan 2025Summary: Supersedes Global Red Book 2022 ISBN 9781783214518Summary: The latest version makes several crucial updates. These include: Aligning with other relevant global standards, such as the latest International Valuation Standards (IVS), published by the International Valuation Standards Council (IVSC), of which RICS is a member; Incorporating new content on modelling, methods and risk assessment; Practice and process changes regarding rapidly developing technologies such as AI, and, for the first time, a mandatory Environmental, Social and Governance principles (ESG) element; The reform to AI regulation includes a commitment to transparency in its use and consistent professional judgement in its application, as well as confidentiality and data rights protections. Meanwhile, Valuers must now record relevant ESG data and consider any factors related which might impact valuation.
Holdings
Item type Current library Status
Online material Virtual Online Available

Published December 2024, effective from 31 Jan 2025

Supersedes Global Red Book 2022 ISBN 9781783214518

The latest version makes several crucial updates. These include: Aligning with other relevant global standards, such as the latest International Valuation Standards (IVS), published by the International Valuation Standards Council (IVSC), of which RICS is a member;
Incorporating new content on modelling, methods and risk assessment;
Practice and process changes regarding rapidly developing technologies such as AI, and, for the first time, a mandatory Environmental, Social and Governance principles (ESG) element;
The reform to AI regulation includes a commitment to transparency in its use and consistent professional judgement in its application, as well as confidentiality and data rights protections. Meanwhile, Valuers must now record relevant ESG data and consider any factors related which might impact valuation.