The RICS Podcast RICS: Breaking Down The Red Book with Charles Golding & Nick French #18
Apr 18, 2022
01:05:41
The RICS Valuation - Global Standards, or Red Book, is a document issued as part of our commitment to promoting and supporting worldwide delivery of valuations to the highest standards.
As an evolving set of rules, best practice guidance, and related commentary for all members undertaking asset valuations, the focus on this episode of The RICS Podcast is on how RICS reacts quickly to economic & political instability, how valuations are increasingly factoring in ESG policies, and the Red Book’s handling of exceptions, approaches, and sub-methods.
This episode of The RICS Podcast covers:
- How to apply the Red Book as a framework rather than a methodology
- The impact of ESG policies, and how this will be reflected in market valuations
- A new approach to handling ‘exceptions’
- Key distinctions to clarify around valuation and worth