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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.

Benefits of the membership

Criteria

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

  1. 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;
  2. That it has a policy of promoting the adoption and use of IVS within the markets in which its members operate;
  3. 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.);
  4. Financial and operational viability to continue to meet the obligations of membership including the payment of IVSC member dues; and
  5. 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.

Membership fees (from April 2020):

Professional valuation organisations membership is based on both World Bank income classification and the number of members in the organisation, according to the following:

Low income Lower middle income Upper middle income High income
0-2,000 members GBP £395 GBP £795 GBP £1,985 GBP £3,390
2-4,000 members GBP £435 GBP £860 GBP £2,140 GBP £4,285
4-8,000 members GBP £860 GBP £2,140 GBP £4,285 GBP £8,570
Over 8,000 members GBP £900 GBP £2,245 GBP £4,490 GBP £8,975

Online application

Key individuals
Membership information

There are more than 170 member organisations
of the IVSC, operating in 137 countries worldwide. Join them.

Become part of a global network working to enhance valuation standards and professionalism.