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The RICS UK Commercial Estate Agency Standards is aimed at commercial real estate agents, but it also offers a useful source of reference for clients, and other stakeholders. It refers only to direct property ownership for both occupation and investment, not to forms of indirect investment.
Providing guidance on key legislative and regulatory frameworks, which have an impact on commercial real estate agency, The RICS UK Commercial Estate Agency Standards outlines the best practice for the sector. The guidance details, in a clear and logical manner, how agents should conduct their business in order to ensure clients receive a standard of quality service.
The publication aims to help improve standards in the sector by raising public and professional awareness alike. By setting out clearly the duties of real estate agents and the scope of the services offered, it is hoped that the guidance will increase awareness of what constitutes best practice in this area.
The guidance was developed in consultation with industry bodies and stakeholders and incorporates the global RICS Real estate agency and brokerage standards (2011), which are set out at the beginning of each section.