REALpac is a member of the International Ethics Standards Coalition (IESC), which as of March 2016 has 66 worldwide members. We join our global sister associations such as the Asian Association for Investors in Non-Listed  Real Estate Vehicles (ANREV), the Asia Pacific Real Estate Association (APREA), the European Association for Investors in Non-Listed Real Estate Vehicles (INREV), the Royal Architectural Institute of Canada (RAIC) and the Royal Institute of Chartered Surveyors (RICS) to name a few. The goal of IESC is to develop high quality, international and principle based ethics standards applicable to real estate professionals worldwide and to encourage world markets to accept and adopt the resulting International Ethics Standards (IES). The IES will allow for greater transparency and consistency to global property markets irrespective of changing factors such as the state of the economy or business practices in different markets.   

While REALpac is not a professional association comprised of individual professional members, our members are consumers of professional services and therefore have a stake in the development of these standards. The IESC has launched a global consultation on ethics principles and is seeking feedback from parties involved in land, real estate, construction, infrastructure or related professions. The IES have been written by an appointed group of independent industry leaders and international ethics and compliance experts, including prominent representatives from Russia, China, France, USA, Germany, Brazil, Japan, Malaysia, Canada and the UK. The consultation period ends April 30, 2016 at 23:59. The simple response questionnaire is available here.

If you have any questions with respect to the International Ethics Standards or have feedback that you wish to provide to REALpac directly, please contact Sandra Dos Santos, Director, Industry Affairs & Compliance.









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