Royal Institution Of Chartered Surveyors (RICS)


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.

  1. Real Estate

    Land plus anything on it, including buildings and natural resources.
  2. Meander Line

    Lines and boundaries that are established for surveying and mapping. ...
  3. Valuation

    The process of determining the current worth of an asset or company. ...
  4. Property

    1. Anything over which a person or business has legal title. ...
  5. Landominium

    A type of residential property in which the owner owns both the ...
  6. European Economic and Monetary ...

    The successor to the European Monetary System (EMS), the combination ...
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