The Royal Institution of Chartered Surveyors (RICS) has launched a public consultation on proposed updates to the RICS Home survey standard.
Originally published in 2019 and implemented in 2021, the framework for residential property surveys across the UK was developed to support consistency, raise standards, and deliver public confidence in the residential survey market. It set out a clear and practical framework for RICS members and regulated firms delivering home surveys, aligned with evolving consumer expectations and sector needs.
As the residential property market continues to evolve, RICS has undertaken a review of the standard to ensure it remains fit for purpose. This process has included engagement with members and stakeholders across the profession, alongside research into consumer experience and sentiment.
Over 325 RICS professionals shared their feedback in a recent member survey, which focused on the effectiveness of the current standard, as well as suggestions for improvement. In parallel, a UK-wide consumer survey of more than 1,400 homeowners was carried out to capture public views and expectations around home surveys.
The findings from both surveys have informed the draft of an updated standard, which is now subject to formal consultation. A separate consultation will also explore interest in the potential development of a home survey regulation scheme, aimed at further supporting public trust and professional consistency in the market.
While the consultations are running at the same and concern home surveys, they are fundamentally separate from each other. Insights shared on the regulatory scheme will not impact on the updated standard, and vice versa.
The consultations open today and will run for six weeks. Following the consultation period, the updated standard will be subject to review and approval by the Knowledge and Practice Committee and the Standards and Regulation Board.
Gary Epps, chair of the Expert Group, commented: “The RICS Home survey standard is a key document underpinning consumer confidence and professional practice in the residential market.
“Since its introduction, it has helped ensure consistency and clarity in home surveys across the UK.
“This update reflects our commitment to maintaining best practice, adapting to market developments, and listening to the views of members and consumers alike. We encourage all stakeholders to engage with the consultation and help shape the future of home surveying.”
Read the orginal article: https://propertyindustryeye.com/rics-home-survey-shake-up-industry-invited-to-have-its-say/
