Estate agents and other property professionals from around the world - or at least those with time to spend away from their desks - are today ending a four-day event in New York discussing the creation of an international code of ethics for the real estate industry.
Britain's RICS appears to be at the forefront of this initiative and is represented in the Big Apple by Peter Bolton-King, the institution's global residential director.
RICS has worked on related issues in recent months, including the so-called International Property Measurement Standards - a bid to make uniform and more transparent the measurement of homes and indirectly their valuations, too.
Now in New York - at the United Nations building, no less - real estate experts are trying to consider a set of consistent standards covering areas such as description, measurement, valuation and codes of practice government how agents, surveyors and brokers will operate.
It's a tall order perhaps but arguably very important given the internationalisation of house sales. In the UK for example, international interest does not extend merely to London - Savills is claiming that over the past two and a half years in Cambridge, 23 per cent of its sales have been to overseas purchasers.
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