000			01753cam a22002655a 4500
005			20260312153721.0
008			241203t2024 xxk fo 000 0 eng d
020			_a9781783214518
020			_a9781783215386
041	0		_aeng
110	2		_aRoyal Institution of Chartered Surveyors _94900
245	0	0	_aRICS Valuation Global Standards 2025 _h[electronic resource]
260			_aLondon, _bRICS, _cNovember 2024
300			_a296p.
490			_aRICS Red Book
520			_aPublished December 2024, effective from 31 Jan 2025
520			_aSupersedes Global Red Book 2022 ISBN 9781783214518
520			_aThe 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.
650	2	4	_aRED BOOK
650	2	4	_aGLOBAL VALUATION STANDARDS 2022
651		4	_aInternational
690			_aValuation _96273
856	4	0	_uhttps://www.rics.org/content/dam/ricsglobal/documents/standards/Red-Book-Global-Standards-incorporating-IVS.pdf _zAvailable free on RICS.org
942			_n0 _2ddc
999			_c122066 _d122066