The survey standard was originally published in 2019 and introduced in 2021 to support consistency across the residential market, while raising standards and improving public confidence in the process.
It set out a practical framework for RICS members and regulated firms when carrying out home surveys.
RICS said as the residential market evolved, it wanted to review its standard to make sure it was still fit for purpose. The organisation has engaged with members and stakeholders across the profession and used research into the customer experience and sentiment.
More than 325 RICS professionals took part in a member survey to share their views on the effectiveness of the current standard and suggestions to improve it.
A UK-wide consumer survey of more than 1,400 homeowners was also conducted at the same time to determine the views and expectations of consumers.
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RICS used the findings from both surveys to support a draft of its updated standard, which is now being consulted on.
The proposals include more clarity on guidance for ‘additional risk’ dwellings, the use of technology and artificial intelligence (AI), and updated information on legislation and regulatory practices.
There will also be a separate consultation held to explore the interest in the potential development of a home survey regulation scheme, intended to support public trust and professional consistency in the market.
The consultations will be separate, and views shared on the regulatory scheme will not impact the proposed updated standard, or vice versa.
The consultations open on 19 August and will run for six weeks. After this, the updated standard will be subject to review and approval by the Knowledge and Practice Committee and the Standards and Regulation Board.
Gary Epps, chair of the Expert Group, said: “The RICS Home Survey Standard is a key document underpinning consumer confidence and professional practice in the residential market.
“Since its introduction, it has helped ensure consistency and clarity in home surveys across the UK.
“This update reflects our commitment to maintaining best practice, adapting to market developments, and listening to the views of members and consumers alike. We encourage all stakeholders to engage with the consultation and help shape the future of home surveying.”
