4/19/2011

RICS Dismisses Personal Property Board

The Antiques Trade Gazette is reporting that the Royal Institute of Chartered Surveyors (RICS) is relieving its current Arts and Antiques Professional Group Board, after a falling out with the parent board. The personal property group submitted a list of issues to the main board for response. The personal property board thought the answers were coming,  but instead of dealing with the issues and current personal property group, the RICS main board decided to replace the entire Arts and Antiques Professional Group Board.

The ATG reports the Arts and Antiques Professional Group Board requested attention to the following nine areas.  Instead of answers the group board was dismissed.  Although I dont have all of the details to the divide between the boards, it typically comes down to the personal property group being treated like an unwanted step child.  I sit on the ISA board of directors, and can certainly relate to many of the concerns the Arts and Antiques Professional Group Board had with costs and bureaucratic processes. I think many personal property groups are dealing with these issues, but to replace a full board shortly after it was seated seems a little aggressive.


The paper submitted by the board addressed nine specific areas of concern. In summary, these are as follows:

• The complexity of the bureaucratic process within the RICS which stifles the execution of decisions made by the board.

• The failure to establish credible alternative routes of entry to RICS for "experienced professionals" already working as auctioneers or valuers.

• The excessive cost for members of Continuing Professional Development events organised by the centralised RICS department.

• The lack of experience and specialist knowledge of RICS staff sent to carry out regulatory inspections of members' accounts.

• The potential cost of an Accredited Valuers Scheme if introduced.

• The difficulties of publicising and promoting the activities of the Arts & Antiques Professionals Group in print and on the internet.

• The complexity of the hierarchy within RICS.

• The lack of specialist representation on the higher boards within that hierarchy.

• The high cost of becoming qualified.
To read the full ATG article on the dismissal of the Personal property group, click HERE.

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