Legislation And guidance

Question 1

Hierarchy of core material/legislation

Answer 1

1. Legislation
2. Rules of conduct.
3. International standards (mandatory)
4. Professional standards (mandatory)
5. Practice statements (mandatory)
6. Guidance notes (Voluntary)
7. Codes of practice (note these are sometimes mandatory)

Question 2

Key international standards to refer to

Answer 2

1. RICS valuation global standards.
2. IPMS.

Question 3

Key professional statements to refer to

Answer 3

Conflict of interest, 2017
Real estate management, 2016
Code of leasing business premises, 2020
Countering bribery corruption, money, laundering and terrorist financing, 2019
Conflicts of interest, UK commercial property market investment agency, 2017