Valuation Professional Organisation (VPO)

Membership of the IVSC is open to valuation professional associations or institutes acknowledged, either by legal decree or general consensus, as being a national professional body with rights and responsibilities for the development of the valuation profession. In the case of general consensus, the organisation must demonstrate evidence that it has the support of government and the business community and is a body in good standing in the jurisdiction.

The organisation must be established as a not-for-profit organisation that sets minimum education and ethical standards for individual valuers and that upholds the public interest over those of individual members. An applicant organisation should provide a copy of its constitution or bylaws, and details of educational or other requirements stipulated to become a member, together with details of the current membership numbers and the principal valuation activities undertaken by its members.

In order to demonstrate that it is recognised by law as a body for training or accrediting individual valuers, or is recognised as such by market consensus within its state of domicile it should provide either evidence of the relevant statutes or otherwise provide examples of its recognition by references from major participants in the relevant market.

Watch: How do IVS support VPOs?

Benefits of the membership

Access to IVS

Complimentary access to the International Valuation Standards (IVS), archived editions, and online resources through the IVSC Members online portal.

Global network

Access to a network of contacts within leading VPOs from around the world, including through the IVSC members’ Advisory Forum.

Profile

Raise your profile as a leader in international best practice among key influencers, including financial regulators, global businesses and investors.

Leadership

Show leadership and commitment to improving financial markets for the public good and support international efforts to improve valuation data consistency and quality.

Resources

Access to, and the opportunity to share among your membership, resources including thought leadership publications and webinars.

Professional spotlight

Profile IVS knowledge and expertise among your professional membership through the ‘IVS Providers’ portal.

Criteria

An applicant that meets the criteria for full membership will be able to demonstrate:

That it requires or actively encourages its members to adopt IVS in so far as is consistent with the law in the State or States in which they operate;
That it has a policy of promoting the adoption and use of IVS within the markets in which its members operate;
The existence of a suitable governance and operating structure to carry out its role and responsibilities including demonstrating integrity and exercising due diligence in the conduct of its activities (i.e. membership admissions process, quality assurance, etc.);
Financial and operational viability to continue to meet the obligations of membership including the payment of IVSC member dues; and
Support for IVSC objectives by contributing to or participating in IVSC’s professional standard-setting activities and by supporting the development and implementation of standards on professional conduct and practice.

In the case of an application received from a valuation organisation in a country which already has one or more member organisations, these organisations shall be informed of the application and their comments sought.

Please read the Rights and Responsibilities of IVSC Membership before making your application.

Membership fees (from April 2024):

Valuation Professional Organisation (VPO) membership is based on both World Bank income classification and the number of members in the organisation, according to the following:

(includes inflationary increase on prior year fees)

	Low income	Lower middle income	Upper middle income	High income
0-2,000 members	GBP £460	GBP £915	GBP £2,280	GBP £4,540
2-4,000 members	GBP £505	GBP £995	GBP £2,460	GBP £4,920
4-8,000 members	GBP £995	GBP £2,460	GBP £4,920	GBP £9,830
Over 8,000 members	GBP £1,035	GBP £2,580	GBP £5,150	GBP £10,290

Online application

Official name of organisation:(Required)

Address:(Required)

Country(Required)

List your top key individuals, names and position(Required)

Email(Required)

Telephone(Required)

Website(Required)

Key individuals

1. President (please indicate the elected term and whether this is a volunteer position)(Required)

2. Chief Executive or equivalent(Required)

3. General Secretary or equivalent(Required)

Number of staff (full/part time)(Required)

Number of part-time staff

Membership information

Total number of members by designation

Please show total new number of new members in each of the last three years

IVSC membership criteria require that an organisation be recognised either officially (eg, by legal decree) or by general consensus. Please provide answers to the following questions

Provide a brief history of the organisation including information about predecessor organisations.(Required)

If the organisation is officially recognised (eg, by a legal decree) indicate the title and date of the decree that authorised the organisation’s creation and mission and a general description of the responsibilities set out by the decree. OR If the organisation is not officially recognised, but is acknowledged by general consensus, describe that recognition and include any appropriate evidence of such recognition.(Required)

Please provide information on regulation of the organisation; whether the organisation is currently regulated and by which body.(Required)

What types of services do members of your organisation provide – please mark all those that apply(Required)

Agricultural Valuation

Business Valuation

Extractive Industry Valuation

Valuation of Financial Assets

Valuation of Intangible Assets

Personal Property Valuation

Plant and Equipment Valuation

Real Estate Valuation

Valuation of Securities

Other

If there are other nationally-recognised valuation organisations (either by legal decree or general consensus) in your country, please identify them and briefly describe their mission, especially as to how it differs from that of your organisation. Also indicate whether or not you have any co-operative working or other relationships and whether or not there are plans to merge the organisations.(Required)

IVSC membership criteria require that the member body participate in or contribute to professional standard-setting. Accordingly, please describe the areas of professional standards (eg, valuation, ethics, education, etc) in which your organisation sets standards and the official recognition that is attached to those standards.

Where your organisation is not the standard-setter please describe how your organisation participates in or contributes to the process.(Required)

If there are other organisations that set standards for the profession (eg, a regulatory agency), briefly describe that/those organisations and the authority of its/their pronouncements for your members.

Candidates for IVSC membership should demonstrate that they use due diligence in admission and standards for professional conduct are applied to those members and others who have a professional title/ designation.

Indicate the name(s) of the professional title/designation for your members. Also indicate whether or not there are different classes of membership of professional title/designation and a brief description of each.(Required)

In some countries, using the designation “valuer” (or “appraiser”) is regulated or accepted by general consensus. If this is the case in your country, please describe the regulation or accepted consensus.

Describe briefly the conditions for membership in your organisation, to include the basic educational standard (eg, university degree), practical training/experience requirements, examination system, continuing education, other.(Required)

Please indicate membership fee for professionals joining your organisation (for all classes of membership, if applicable).

Describe any additional licensing or registration requirements that individuals with the title(s)/designations must have to actually practice in the jurisdiction. Also indicate whether or not membership in your organisation is mandatory for such titled/licensed professionals.(Required)

Indicate whether professional designations from foreign jurisdictions are accepted for membership and, if so, the requirements and arrangements. Please also indicate the foreign designations currently accepted by your organisation or the organisations that your organisation has mutual recognition arrangements.(Required)

Membership in IVSC requires a commitment to promote and where possible adopt the International Valuation Standards (IVS). Please answer the following questions:

Are IVS accepted in your country? If so, indicate the degree of acceptance and incorporation (eg, legally required or used as the general basis for national standards, with local adaptation as necessary).

If not, please describe efforts your organisation expects to expend to see that these pronouncements are used and the efforts you are aware of that the standard-setter expects to expend.

Indicate the ways in which you expect to participate in IVSC activities.(Required)

Candidates for IVSC membership must demonstrate that they have the financial strength to support their IVSC membership as well their own internal operations.

Audited financial statements for the two most recent years. If the official audited financial statements are not in English, please provide a summary and description of the key balances and notes to the financial statements as well as the auditor’s report.

A description of any key projects undertaken through government funding or other sources (donor agencies etc).

IVSC membership candidates must show evidence of the existence of an operating structure that will enable it to provide proper support and oversight of its membership. Please provide the following documentation. If submitted in the local language, please provide a brief English-language summary/description of the documentation.

A copy of the Constitution/Bylaws of the organisation;
Copies of key internal operating procedures;
A copy of your organisation’s Code of Ethics or similar documents that govern the professional conduct of your members.

Description of documents supplied:

4. Upload documents

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Please tick the box below if your organisation would like to be marketed as an IVSC Asia participant. This will incur an additional 10% membership fee.

YES

We hereby apply for Membership of the International Valuation Standards Council and agree to meet the IVSC membership obligations, as laid out in the Appendix.

Signed on behalf of the governing body of (please insert organisation name):(Required)

Name(Required)

Date(Required)

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