The Royal Institution of Chartered Surveyors has teamed up with 62 other property bodies to launch “a global consultation on ethics principles” within the industry.
The bodies have come together in a group called the International Ethics Coalition under the leadership of FIABCI, the International Real Estate Federation.
“The new standard has been written by a group of independent industry leaders and international ethics and compliance experts appointed by trustees of the IES Coalition. Included in the group are prominent real estate representatives from Russia, China, France, the USA, Germany, Brazil, Japan, Malaysia, Canada and the UK” explains a coalition spokesman.
“The IES Coalition is organising this three-month consultation to ensure that the final version is high quality, understood and accepted by all participating organisations, practitioners and their clients. Relevant organisations and individuals throughout the world are invited to respond” he says.
The coalition says its objectives are to “re-position business ethics at the heart of the world’s real estate industry” with one internationally-accepted set of standards.
You can read the consultation document here.