Over 60 property and construction bodies unite for ethics standards

A coalition of more than 60 professional bodies and standards setting organisations on Thursday launched a global consultation on ethics principles for those working in land, property, construction and infrastructure.

According to a press release, 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.

Peter Bolton King, Chair of the International Ethics Standard Coalition, said, “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.”