Chartered Surveyor is the description (protected by law in Many countries) of Professional Members and Fellows of the RICS Entitled to use the designation (and a number of variations Such As ” Chartered Building Surveyor ” or ” Chartered Quantity Surveyor ” or “Chartered Civil Engineering Surveyor “in Commonwealth countries and Ireland . Chartered originates from the Royal Charter to the world’s first professional body of surveyors. Chartered Surveyors are entitled to use “MRICS”

Chartered Surveyors are highly trained and experienced property professionals. Surveyors offer impartial, specialist advice on a variety of property related issues and what services they provide are diverse. [1]

Chartered Surveyors in all fields of property and building consultancy. At the most basic level, their duties include structural valuation and structural defects in buildings. They also provide expert consultancy advice in property, construction and related environmental issues.

The Royal Institution of Chartered Surveyors .

United Kingdom

Chartered Surveyor in the United Kingdom is a surveyor who is a member of the Royal Institution of Chartered Surveyors ( “RICS”). Until the end of the 20th century, some members were members of the ISVA (“Incorporated Society of Valuers and Auctioneers”), but this organization merged into the RICS in 1999. [2]

In the reforms of the RICS in the 1990s, the formation divisional structure of the institution was abolished and the use of the alternative designations retained solely for the use of members to retain clarification when informing clients of specialist areas of expertise. Despite the attempt to unify the profession under the title of chartered surveyor there is very little in common across the whole range of disciplines that are within the grasp of all members. The core membership is based in the construction profession, and another broad sector deal with property ownership and management. Beyond these cores there are marine, land, rural and antique specialists.

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An old Ordnance survey map

Real Estate Valuation in the UK

Main article: Real estate appraisal

The common public experience of chartered surveyors is in the process of obtaining a mortgage loan . [3] Generally the surveyor is appointed by the lender after collecting a fee from the prospective borrower. The mortgage loan may be granted if the surveyor can confirm that the equity in the property in the present market is at or above the level of the loan requested.

Typically, chartered surveyors can be engaged in three types of real estate survey.

A mortgage valuation will be required by any mortgage lender as a condition of obtaining a mortgage loan . The RICS HomeBuyer Report “or” RICS Building Survey “(sometimes referred to as” Structural Survey ” [4] ), usually at cost. [3] When the surveyor is instructed in this combined role, the mortgage appraiser is still produced for the lender, and the HomeBuyer Report or Building Survey is additionally prepared for the borrower. This arrangement can avoid the potential conflict of interest as both the lender and the borrower in the transaction. Because of the ethics and professional liability division, Borrowers should note that the lender’s survey is produced solely for the lender and the surveyor will not extend any liability for loss or omission to the borrower. Since the revision of the RICS Red Book of valuation practice in recent years, the definition of a mortgage valuation has been deleted. It is now a market valuation qui est la même definition Given To the valuation in the RICS Homebuyer Report. Before it was removed from the RICS Red Book the valuation for mortgage lending had different criteria from the market valuation. The definition of a mortgage valuation has been deleted. It is now a market valuation qui est la même definition Given To the valuation in the RICS Homebuyer Report. Before it was removed from the RICS Red Book the valuation for mortgage lending had different criteria from the market valuation. The definition of a mortgage valuation has been deleted. It is now a market valuation qui est la même definition Given To the valuation in the RICS Homebuyer Report. Before it was removed from the RICS Red Book the valuation for mortgage lending had different criteria from the market valuation.

The Council of Mortgage Lenders recommends that buyers should not only rely on the mortgage valuation, but obtain a fuller survey for their own purposes. Various mortgage-related sources endorse this advice. [5] However, a fuller survey is rarely a condition of the loan. [6]

A structural defect

The borrower may choose a homeowner or a homeowner. HomeBuyer Report or Building Survey. [7]

Mortgage valuation report

A mortgage valuation is for the benefit of the lender. Its purpose is to protect the interests of the lender. [8] Invariably there is a disclaimer on the report that confirms that the surveyor extends no responsibility to the borrower. This is a legally valid exclusion.

RICS Home Surveys

Under the reforms undertaken by RICS in the early 21st century to better regulate the provision of professional products to the general public, a sector that is usually unable to fully appreciate the consequences of inadequate specification of the required items to be surveyed and how they are reported , RICS branding. RICS Home Report 2. RICS Home Reporting 3. RICS Building Survey These products have a consistent appearance over the range, with common typefaces and general format. The distinctions come in the detail that is subsequently provided. These are discussed below.

RICS Condition Report

This property is located in the south-west section of Birmingham, in the south-west corner of London, which is ideal to visit the city and its surrounding attractions. The reports rates conditions from 1 – good, 2, – deserving attention in the near future, 3 -.

In practice this report is a summary of the current state of affairs in the United States of America. Are not obvious to the average buyer. RICS Home Surveys suite. RICS Home Surveys suite. RICS Home Surveys suite. [9] Usually, the fee for the first report is discounted in the fee for the detailed follow up report, since when the surveyor returns to the property, there is already an understanding of what problems are in the property.

RICS HomeBuyer Report

This document format has been revised in 2010 to include an easy to assimilate format for the reader. RICS by customers in receipt of the previous ‘Homebuyer’s Survey and Valuation’. A traffic light system was introduced and examined each time according to priority. In this way, serious impediments are identified easily, and less critical defects. It should be noted that this is not a cause for concern at this time. This format is suitable for a wide range of properties, but it is best suited to traditionally built districts or previous major alterations or extensions. This report describes the construction of the three components of the building and the construction of the building. Of the grounds in which the property is sited. The reports rates conditions from 1 – good, 2, – deserving attention in the near future, 3 -. The report also includes commentary to advise your solicitor on issues that need addressing in the conveyance, And all that affect the building, grounds and people of a more general nature. There is also a valuation of the property and an assessment of rebuilding costs for insurance purposes.

RICS HomeBuyer Report as it contains a market valuation. RICS Registered Valuable and carry professional indemnity insurance for this task. This is an attempt by RICS to provide consumer confidence.

RICS Building Survey

A thatched cottage

There are a number of ways to make a home from home. RICS guidance note 2004 (more recently updated by the “RICS guidance note 3rd edition” which was introduced in December 2013). The primary difference between guidance and practice is the format of the reports. A bespoke style or a framework (traffic light signal) style. For surveyors guidance is “best practice” and practice note is “mandatory”.

The guidance note can be provided in an agreed word document format with an appendix for photographs etc. There is also a choice of services to be provided by the company. In effect, is a fully bespoke report.

The alternative is the practice note note (introduced to the market in November 2012). It is a similar traffic light signal format as the other RICS home reports.

Both carry formats (guidance notes and practice notes versions) are Appropriate for Virtually all properties, Including but not limited to listed buildings , thatched cottages , timber frame homes and so on ,. [10]

The building survey is the most detailed survey available from the Chartered Surveyors. [8] Thorough though it is, it may still lead to recommendations for further investigation from other specialists; See below. The building survey report is much longer than the condition report. This paper presents the results of the study of the construction of the seven-dimensional model of the construction of the seven services. In a similar manner.

The use of the car park is not included in the price of the apartment. In this format, if there is a defect, not only will it be identified but its causes analyzed and methods of repair and elimination of the cause discussed in some detail. The report also includes commentary to advise your solicitor on issues that need addressing in the conveyance, and any risks that affect the building, grounds and people of a more general nature. There is also discussion on the means of escape in case of fire, which in particular can be compromised by poor design and alterations. There is no market valuation or an assessment of rebuilding costs for insurance purposes in the document. These can be added,

Collectively, a key feature of RICS building surveys are that they provide an opportunity for clients and surveyors to strike up a detailed dialogue about the property they are intending to purchase. Purchasers find a building survey for a customer’s briefing document for extensions or repairs. The building survey is a very interactive process.

Energy performance certificate

Chartered surveyors can also provide an energy performance certificate. [11]

Limits

Chartered Surveyors are not necessarily specialists in other fields, and may recommend further investigations by an electrician , a gas engineer , a structural engineer or expert of another kind, depending on what they find during their inspection. They may also recommend the use of the buyer’s solicitor to confirm that they may affect their valuation, such as the leasehold properties, the unexpired term of the lease , which is responsible for the boundaries, and so forth.

The Chartered Surveyor’s inspection is typically non-intrusive. They do not have the authority to lift floorboards, drill holes, or perform excavations at a property that the prospective buyer does not, at this stage, own, which means that certain defects or problems may not be apparent from their inspection. [12]

Their fees are a component of the United Kingdom .

Building surveillance

See also: Surveying § Building surveying

As well as surveying, building surveyors in the UK give advice on design, construction, maintenance and repair. [13] They may also assess damage or dilapidations on behalf of an insurance company .

Fully qualified building surveyors in the UK are often, but not always members of the RICS.

Quantity surveying

Main article: Quantity surveyor

Quantity surveyors work for private and commercial clients, main contractors and subcontractors in the construction industry. Their function is management of the commercial interfaces of construction: writing, negotiating, awarding and administering contracts, including variations and claims arising during the performance of a contract; Cost control and cost engineering , [14] ie to document and estimate costs, progress, and risks. In the UK, not all quantity surveyors are necessarily chartered surveyors; Some may be chartered through the Chartered Institute of Building (“CIOB”). [15]

Additional duties may include performing feasibility studies, preparing tenders, procuring materials, managing subcontractors, and even advice on taxation or building management. [16] Surveyors may also be involved in dispute resolution. [17]

Quantity surveyors. Project managers of a construction site. [15]

Land surveying

Main article: Cartography
See also: Surveying § Land surveying
  • Atlas portal

Essentially, land surveying is accurate maps and plans. [18] Land surveying encompasses cadastral surveying , cartography , engineering surveying , hydrographic surveying and oceanographic surveying . [18]Land surveyors may be accredited by the RICS, or the Institution of Civil Engineering Surveyors (ICES), [18] but only RICS members can call themselves “chartered land surveyors”.

Auctioneering

Main article: Estate sale

Firms of Chartered Surveyors. [19]

Other aspects of surveying practice

As well as the services mentioned above, UK chartered surveyors may offer advice in boundary disputes, business rates, compulsory purchase matters and party walls . [20] (“Party walls” in the UK are walls on your property shared with your neighbours.)

Employers

The largest employer of Chartered Surveyors is EC Harris . [21]

Becoming a Chartered Surveyor

In order to become a Chartered Surveyor, trainees must undertake a degree accredited by the RICS and pass the Assessment of Professional Competence. [22] Occasionally RICS withdraws accreditation of degree courses. [23] [24]

Notable Chartered Surveyors

  • Andy Irvine – retired rugby union footballer who played for Scotland is a Chartered Valuation Surveyor. [25] [26]
  • Gavin Kerr – retired rugby union footballer who played for Scotland is a Chartered Building Surveyor. [27]
  • Paul Morrell – a Chartered Quantity Surveyor. [28]
  • Tim Wonnacott is a Chartered Valuation Surveyor [29] and television presenter.
  • Marianne Suhr – writer, expert are historic buildings and co-presenter of the television series Restoration is a Chartered Building Surveyor. [30]
  • Ewen Cameron, Baron Cameron of Dillington – a landowner and life peer who sits as a crossbench member of the House of Lords .
  • Philip Serrell – Television presenter, chartered valuation surveyor [31] and racing driver.

References

  1. Jump up^ Benedictus, Leo (26 September 2009). “The chartered surveyor: Made to measure” . The Guardian . Retrieved 28 September 2013 .
  2. Jump up^ Property Week
  3. ^ Jump up to:b Royal Institution of Chartered Surveyors ArchivedNovember 17, 2007 at the Wayback Machine .
  4. Jump up^ Shire Direct.com’smortgage glossary
  5. Jump up^ eg thisismoney.co.uk
  6. Jump up^ ourproperty.co.uk
  7. Jump up^ The HomeBuyer.org
  8. ^ Jump up to:b Council of Mortgage Lenders
  9. Jump up^ [1]
  10. Jump up^ home.co.uk’shome buying guide
  11. Jump up^ RICS guide to property surveillance [ permanent dead link ](pdf)
  12. Jump up^ Northern Rock ArchivedFebruary 28, 2009, at theWayback Machine.
  13. Jump up^ Government careers advice ArchivedFebruary 10, 2009, at theWayback Machine. site
  14. Jump up^ Icoste
  15. ^ Jump up to:b Salford University Standing dead link ]
  16. Jump up^ Prospects website ArchivedMarch 30, 2009, at theWayback Machine.
  17. Jump up^ Government careers advice ArchivedFebruary 10, 2009, at theWayback Machine. site
  18. ^ Jump up to:c Our website
  19. Jump up^ RICS ArchivedMarch 16, 2009, at theWayback Machine.
  20. Jump up^ RICS website ArchivedMarch 2, 2009, at theWayback Machine.
  21. Jump up^ “Top 100 Surveyors” . Building . Retrieved 28 September 2013 .
  22. Jump up^ Ford, Liz (1 December 2007). “So you want to work in … Building surveyancy” . The Guardian . Retrieved 28 September 2013 .
  23. Jump up^ Bassey, Amardeep (25 February 2001). “SURVEYOR SNOBS IN UNI WRANGLE” . Sunday Mercury . Retrieved 28 September 2013 .
  24. Jump up^ “Degree without license” . Times Educational Supplement . 19 January 1998 . Retrieved 28 September2013 .
  25. Jump up^ “Find a member: Andy Irvine” . Royal Institution of Chartered Surveyors . Retrieved 28 September 2013 .
  26. Jump up^ “Commercial Property Services in Edinburgh” . Jones Lang LaSalle . Retrieved 28 September 2013 .
  27. Jump up^ Dunton, Jim (23 May 2013). “Forming Scots rugby star swaps scrum for surveying” . Building . Retrieved 28 September 2013 .
  28. Jump up^ “Find a member: Paul Morrell” . Royal Institution of Chartered Surveyors . Retrieved 28 September 2013 .
  29. Jump up^ “Find a member: Tim Wonnacott” . Royal Institution of Chartered Surveyors . Retrieved 28 September 2013 .
  30. Jump up^ “Find a member: Marianne Suhr” . Royal Institution of Chartered Surveyors . Retrieved 28 September 2013 .
  31. Jump up^ “Find a member: Philip Serrell” . Royal Institution of Chartered Surveyors . Retrieved 28 September 2013 .