An End to Double Dipping – Or Is It?

    View Authors January 2017

    New draft RICS professional standard suggests the practice of taking agency fees from seller and buyer of commercial real estate will be ended, but significant numbers of deals would not be caught.

    On 10 January 2017 the Royal Institution of Chartered Surveyors (RICS), the professional body and regulator of chartered surveyors in the UK, published a consultation on a proposed new professional standard which would prevent its members from entering into dual agency arrangements, commonly known as “double dipping”, with effect from 1 January 2018. This has been widely welcomed in the industry – but the new rule may not go as far as is supposed.

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