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Firms that come under RICS regulation are easy to spot as they use the words 'Regulated by RICS' on their letterhead and other communication materials. Regulated firms must follow the RICS Rules of Conduct for Firms and are held to a higher standard in areas such as staff training, professional indemnity insurance, complaints handling and security of clients' money.

Project management

Project managers occupy a central role in the development process, driving the successful completion of projects. Typically, project managers will be appointed at the beginning of a project and will assist the client in developing the project brief and then selecting, appointing and coordinating the project team. He or she will then usually represent the client throughout the full development process managing the inputs from the client, consultants, contractors and other stakeholders.

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