Chartered Surveyors, what are they and what do they do?

This month, we thought we would answer the question; chartered surveyors, what are they and what do they do? We are covering surveyors as a broad group, and then we will discuss commercial property surveyors, something which is a little closer to home.

The Royal Institution of Chartered Surveyors (RICS)

To discuss what chartered surveyors do and what types there are, we first have to start with the RICS. The RICS is a global body that aims to “promote and enforce the highest professional standards” in surveying.

The RICS gives a vague description of a chartered surveyor; “Surveyors keep traffic flowing, water running and people moving[…]”. The full quote can be seen here. There are many types of chartered surveyors that specialise in a range of areas. At JS Reakes we specialise in commercial property surveying. This involves providing independent, professional valuations for business and property owners.

What do they do?

Chartered surveyors complete valuations, negotiations, and surveys of assets. These assets range from houses, commercial property and land to businesses, construction and the environment. Due to the wide range in specialisations chartered surveyors do many things.

Types of chartered surveyors

The RICS states there are more than 100 careers in surveying. The three main categories consist of construction and infrastructure, property and land. The RICS lists the main roles within those categories. By just listing a few you can see what a varied profession chartered surveying is. Surveying ranges from quantity, valuation, facilities management, and geomatics surveyors among many others. In most cases if a detailed building or structural survey is required the surveyor needs to be a specialist building surveyor. The main difference between the types is normally the degree that has been completed prior to the MRICS qualification.

As the RICS is the global body for chartered surveying. Being a part of it adds credibility and certification to a surveyor that can reassure someone that they will likely receive a good standard of work from a particular surveyor. However, there are several relationships a surveyor can have to the RICS. Those at an  entry level can obtain an AssocRICS for those with less experience. MRICS means member of the RICS and will have significant professional experience. In addition, FRICS is a fellow of the RICS which requires outstanding contribution and recognition in their respective field.

Commercial Property Surveyors

Chartered surveyors can specialise in commercial property. This largely deals with the valuation of commercial property. They can assist in various situations such as in rent reviews, SIPP valuations, expert witness disputes, business disputes and valuation. There can be many reasons for wanting a valuation. It might be unlocking value within your business or seeking advice before making a strategic decision. To find out how we value commercial property, head to our what we do page or contact us!

For more articles like this, go to our Articles page (or click here for our previous article), and also consider signing up to our Newsletter! We have written other articles about surveying too!

Check out our articles below for more:

• Business Valuation Calculator
• Determining Value
• Valuing in Covid
• Correct Adjusted Net Profit