The Property Standards Board is a voluntary Board formed in 2008 as a joint industry response to the recommendations made by Sir Bryan Carsberg in his review of Residential Property: Standards, Regulation, Redress and Competition in the 21st Century.

This called for better consumer information, more certainty into the home buying and selling process and regulation of the sector to protect the consumer.

Following the publication, RICS, NAEA and ARLA together explored how the different strands of the industry could be brought together to develop his recommendations, and as a result, the PSB came into existence.