CST: 23/10/2016 12:54:53   

60+ Land, Property and Construction Professional Bodies Unite to Create Combined International Ethics Standards

269 Days ago

FIABCI Supports Global Consultation to Create the Sector's First Global Ethics Standard

NEW YORK, NY and PARIS, FRANCE --(Marketwired - January 28, 2016) - Today, a coalition of more than 60 professional bodies and standards setting organisations worldwide launch a global consultation on ethics principles for those working in land, property, construction and infrastructure. 

Property and the built environment play a huge role in our lives as well as being a major contributor to the economy worldwide. Ethics guides the behaviour of property professionals and builds trust in the profession. Producing one set of International Ethics Standards for real estate and related professions will help to bring greater transparency and consistency to global property markets.

"FIABCI is enthusiastically supporting the introduction of new ethical and professional standards which will provide structure, clarity, greater responsibility and value within the real estate and real estate-related industries," said Danielle Grossenbacher, FIABCI World President.

Collectively representing many hundreds of thousands of professional practitioners, the IES Coalition is calling on those in the built environment to submit their feedback on the new International Ethics Standards.


Tony Grant, Past FIABCI World President and Deputy Chair of the IES Coalition, explained: "The new standard has been written by a group of independent industry leaders and international ethics and compliance experts appointed by Trustees of the IES Coalition. Included in the group are prominent real estate representatives from Russia, China, France, the USA, Germany, Brazil, Japan, Malaysia, Canada and the UK. The IES Coalition is organising this three-month consultation to ensure that the final version is high quality, understood and accepted by all participating organisations, practitioners and their clients. Relevant organisations and individuals throughout the world are invited to respond."

Notes to editors

  • The IES Coalition consists of 63 professional bodies, associations and standards setting organisations.
  • The International Ethics Standards will align the ethics principles adhered to by professionals in land, property, construction and infrastructure. The Coalition believes that this will de-risk property and BE markets for investors, businesses and the public at large and help to reassert the role that ethics plays in the global property profession.
  • Implementing one International Ethics Standard that underpins existing codes of ethics creates an opportunity to re-position business ethics at the heart of the world's real estate industry. Creating one over-arching set of ethical principles will also help real estate and related professional organisations better promote values that allow ethical business to flourish.

*The latest list of professional bodies, associations, NGOs and standards setting organisations that have signed up to develop and implement the International Ethics Standards:

American Society of Appraisers (ASA)
American Society of Farm Managers and Rural Appraisers (ASFMRA)
Appraisal Foundation (TAF)
Asian association for Investors in Non-listed Real Estate Vehicles (ANREV)
Asia-Pacific Real Estate Association (APREA)
Asian Real Estate Association of America (AREAA)
La Asociacion Espanola de Analisis de Valor (AEV)
Asociacion Espanola de Geometras Expertos (AEGEX)
Asociacion Professional de Sociedades de Valoracion (ATASA)
Association of International Property Professionals (AIPP)
Association of Residential Managing Agents (ARMA)
Bulgarian Chamber of Professional Valuers (KPO)
Câmara Brasileira da Indústria da Construção (CBIC)
Chartered Institute of Architectural Technologists (CIAT)
Chartered Institute of Building (CIOB)
Chartered Institution of Water and Environmental Management (CIWEM)
China Electricity Council
China Institute of Real Estate Appraisers and Agents (CIREA)
China Real Estate Valuers Association (CREVA)
CORFAC International
Commonwealth Association of Surveying and Land Economy (CASLE)
Council of European Geodetic Surveyors (CLGE)
Counselors of Real Estate (CRE)
Dubai Real Estate Institute (DREI)
ETEK, the Cyprus Scientific and Technical Chamber
European Association for Investors in Non-Listed Real Estate Vehicles (INREV)
Federação Nacional dos Corretores de Imóveis (FENACI)
Ghana Institution of Surveyors (GhIS)
Hong Kong Association of Property Management Companies (HKAPMC)
The Indonesian Society of Appraisers (MAPPI)
Initiative Corporate Governance of the German Real Estate Industry
Institute of Estate Agents, Singapore (IEA)
Institute of Philippines Real Estate Appraisers (IPREA)
Institute of Quantity Surveyors Indonesia (IQSI)
Institute of Real Estate Management (IREM)
Institute of Residential Property Management (IRPM)
Institution of Civil Engineers (ICE)
International Consortium of Real Estate Associations (ICREA)
International Housing Coalition
International Real Estate Federation (FIABCI)
International Right of Way Association (IRWA)
International Valuation Standards Council
Japan Association of Real Estate Counselors (JAREC)
Japanese Society of Independent Appraisers (JASIA)
Lonja De Propriedad De Bogota
National Association of Realtors India (NAR India)
National Society of Professional Surveyors (NSPS)
Nigerian Institution of Estate Surveyors and Valuers (NIESV)
Real Estate Institute of Australia (REIA)
Real Estate Syndicate of Lebanon
Real Property Association of Canada (REALpac)
Royal Architectural Institute of Canada (RAIC)
Royal Institute of British Architects (RIBA)
Royal Institution of Chartered Surveyors (RICS)
Royal Institution of Surveyors, Malaysia (RISM)
Russian Society of Appraisers
Singapore Institute of Building Limited (SIBL)
Society of Chartered Surveyors Ireland (SCSI)
South African Geomatics Institute (SAGI)
South African Property Owners Association (SAPOA)


FIABCI, the International Real Estate Federation, is a business network of real estate professionals worldwide. FIABCI provides access and opportunity for real estate professionals interested in gaining knowledge, sharing information and conducting international business with each other. With members in 65 countries, including 100 Professional Associations, 65 Academic Institutions and 3000 individual members from all professions of the real estate sector, FIABCI is the most representative organisation of the real estate industry in the world and holds special consultative status with the Economic and Social Council (ECOSOC) of the United Nations.

Alyssa Nightingale