RICS to extend its role in promoting real estate professionalism in China

The Royal Institution of Chartered Surveyors has signed a memorandum of understanding with a leading real estate association in China which is set to pave the way for higher standards in the country.

The document, signed with the Real Estate Association of Yunnan Province (YNREA) lays the foundation for long term cooperation and the development of professional training programmes.

Through this collaboration, members of YNREA will receive training from RICS on international standards and industry best practices, and be prepared for attaining chartered status.

Both organizations said that they shared a common goal of advancing the standard of real estate industry in Yunnan in the long run.

Comprised of three branches, two professional committees and local associations in 16 cities in Yunnan province, YNREA is a key player of Yunnan’s real estate industry and has established the Yunnan Real Estate Broker Information Management System.

It has also set standards of information registration management for real estate brokers and compiled technical specification for the province’s real estate archives as well as hosting housing trade fairs in all the cities in Yunnan.

RICS North Asia deputy director Tony Ho said there is widespread commitment to setting and upholding the highest standards of professionalism in the property industry. RICS has been playing a key role in advising and influencing government and policy makers.

YNREA president Han Zhongqing said that there are opportunities for both organizations to collaborate in nurturing talents in the region through professional training, industry events and overseas study tours.