DEFINITION of 'Royal Institution Of Chartered Surveyors (RICS)'
One of the world's leading professional bodies for qualifications and standards in land, property and construction. Established in 1868 by a group of surveyors in London, RICS has spread to over 140 countries. Qualified RICS members are recognized by designations such as FRICS (Fellow), MRICS (Member) and AssocRICS (Associate).
BREAKING DOWN 'Royal Institution Of Chartered Surveyors (RICS)'
The RICS has its international headquarters in London, with six global regions outside the U.K. Its members cover more than 160 specialties, from construction to valuation and waste management.