Presentation to Danske Byggeøkonomer 18 September 2008 Luciano Capaldo FRICS, Chairman RICS Europe Adam Trier Jacobsen FRICS, Chairman RICS Danmark Liliane Van Cauwenbergh, Director RICS Europe Mikael Wadsten, Regional Manager Nordic

More about RICS Benefits of membership Ethics RICS Red Book Regulation RICS Routes to Membership and APC How can Danske Byggeøkonomer join RICS

What is RICS? Royal Institution of Chartered Surveyors Professional body created in UK in 1868 Royal Charter since 1881 Now 147,000 chartered surveyors in over 120 countries Property, land and the built environment ‘The mark of property professionalism’

Key roles of RICS Regulate and promote the profession Maintain the highest professional and educational standards Protect clients and consumers through a strict code of ethics Provide impartial advice, analysis and guidance

RICS worldwide Global HQ in London World Regional Offices in Brussels, Dubai, Hong Kong, New York and Sydney (to be added soon: office in India) 50 national associations 500 accredited courses 500 publications yearly

RICS worldwide

RICS Europe Continental European HQ in Brussels 17 National Associations Fastest growing RICS World Region

Membership benefits Globally recognised designation (MRICS/FRICS) International networking community Career and business opportunities Strict code of ethics Member support and services

Support from your National Association Events Member-only content on RICS Library and information services on RICS publications and books on RICS Red Book (Valuation Standards)

RICS Ethics Rules of Conduct reviewed June 2007 New principles-based system Brief set of clear and simple rules Must be assessed at Final Assessment interview Full info at

How to meet the RICS standards of behaviour Act honourably Act with integrity Be open and transparent in your dealings Be accountable for all your actions Know and act within your limitations Be objective at all times Always treat others with respect Set a good example Have the courage to make a stand Comply with relevant laws and regulations Avoid conflicts of interest Respect confidentiality

Lifelong learning (LLL) for members (Or: CPD - Continuing Professional Development) Members shall undertake and record appropriate lifelong learning and, on request, provide RICS with evidence that they have done so RICS does not prescribe a set number of hours for lifelong learning. It requires members’ lifelong learning to be effective, enabling them to do their work competently. The outcome of the learning is more important than the number of hours spent on it

RICS Red Book (RICS Appraisal and Valuation Standards) Contains mandatory rules, best practice guidance and related commentary for all RICS members undertaking valuations Divided into two main parts: Rules and guidance applying to RICS members anywhere in the world and consistent with the International Valuation Standards Material relating specifically to particular countries (currently only for UK and the Republic of Ireland) Plus: a related suite of Valuation Information Papers which discuss valuation methodology as it relates to specific property types For further information, see

RICS Regulation Separate regulation entity based in UK Responsible for taking appropriate action where RICS members or firms fall short of the expected standard Sanctions include: - fixed penalty notices such as fines - consent order through which a member or firm agrees with RICS how to put the problem right - disciplinary penalties up to and including expulsion from RICS More info at

RICS Routes to Membership Graduate Route Adaptation Route Senior Professional Route Academic Route

RICS Pathways Arts and AntiquesHousing Management and Development Quantity Surveying and Construction Building ControlMachinery and Business Assets Research Building SurveyingManagement ConsultancyResidential Property practice Commercial Property practice Minerals and Waste Management Residential survey and valuation EnvironmentPlanning and Development Rural Facilities ManagementProperty Finance and Investment Taxation Allowances Geomatics (incl. hydrographic) Project ManagementValuation

RICS APC The APC (Assessment of Professional Competence) is a period of structured practical training and professional development that ends with the Final Assessment and ensures that candidates joining RICS are competent to practise as a chartered surveyors

Danske Byggeøkonomer Direct Entry – WHO? Danske Byggeøkonomer members having successfully completed the Danske Byggeøkonomer postgraduate course, and having at least 10 years relevant professional experience of which at least 5 years post graduation

Danske Byggeøkonomer Direct Entry – HOW? No RICS Final Assessment required Send CV using RICS CV template + proof of Danske Byggeøkonomer qualification to Mikael Wadsten on Once approved by RICS, Mikael will request you to complete the admission form and return it with the appropriate payment Payment: - Library Obligation Fee (one time) EUR - Entrance Fee (one time) EUR - Annual subscription EUR* (*1/1-31/12/2008 rate)

Your contact person: Mikael Wadsten Regional Manager Nordic Mob

Thank you for your time and attention