APPLICATION FOR IVSC MEMBERSHIP

VALUATION PROFESSIONAL ORGANISATION/

ASSOCIATE VALUATION ORGANISATION

Please take a moment to review rights and responsibilities of membership in the

Appendix before beginning your application.

Please submit electronic applications (and supporting documentation) to:

contact@ivsc.org

Please send paper applications to:

IVSC
4 Lombard Street
LONDON
EC3V 9AA

For more information about membership and fees in general please visit our website at
www.ivsc.org.

Annual membership fees for Valuation Professional Organisations (or Associate

VPOs) is based on both World Bank country income classification and the number of
members in the organisation, according to the following:

(From April 2019)

No of Low Lower middle Upper middle High
members
income income income income

0-2,000 GBP £385 GBP £770 GBP £1,925 GBP £3,846

2-4,000 GBP £420 GBP £832 GBP £2,080 GBP £4,160

4-8,000 GBP £832 GBP £2,080 GBP £4,160 GBP £8,320

Over 8,000 GBP £872 GBP £2,180 GBP £4,358 GBP £8,715

World Bank classification can be found via this link:

https://datahelpdesk.worldbank.org/knowledgebase/articles/906519-world-bank-country-and-
lending-groups

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 VPO/Associate VPO MEMBERSHIP APPLICATION FORM

Official name of
organisation:

Address:

Country:

Name of key contact:

(should be a
permanent staff
person with good
knowledge of English)

Email:

Telephone:

Website:

Key individuals:
(names/titles and
emails of top volunteer
& elected positions)

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

b) Chief
Executive or
equivalent:

c) General Secretary
or equivalent:

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 Key staff (names 1.
and titles of top
three staff
position
incumbents):
2.

3.

Number of full-
time staff:

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:

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CRITERION 1: RECOGNITION/REGULATION OF ORGANISATION

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

b) 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.

c) Please provide information on regulation of the organisation; whether the organisation is currently

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regulated and by which body.

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

□ 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 other, please specify:

e) 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.

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CRITERION 2: PROFESSIONAL STANDARD-SETTING

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

b) 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.

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CRITERION 3: MEMBERSHIP ADMISSION CRITERIA AND ENFORCEMENT
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.

a) 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.

b) 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.

c) 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.

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

e) 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.

f) 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.

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CRITERION 4: COMMITMENT TO IVSC STANDARDS

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

a) 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).

b) 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.

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

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CRITERION 5: FINANCIAL AND OPERATIONAL VIABILITY
Candidates for IVSC membership must demonstrate that they have the financial strength to support
their IVSC membership as well their own internal operations.

a) 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.

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

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CRITERION 6: OPERATING STRUCTURE

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) A copy of the Constitution/Bylaws of the organisation

b) Copies of key internal operating procedures

c) A copy of your organisation’s Code of Ethics or similar documents that govern the
professional conduct of your members

Description of documents supplied:

a)

b)

c)

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DECLARATION

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):

Name:

Signature:

Date:

* * * * * * * * * * * * * * * * * * * * * * * * * * * * * ** * * * * * * * * * * * * * * * * * ** * * * * * * * * * *

IF YOUR APPLICATION IS SUCCESSFUL WE WILL PROVIDE YOU WITH A COPY OF THE MOST
RECENT INTERNATIONAL VALUATION STANDARDS (IVS) FOR REFERENCE PURPOSES.

You will be welcome to provide this to your members either via email or via a
member-only section of your website for their personal, non-commercial use, subject to terms and
conditions of use as below:

The provision of the softcopy of IVS is subject to the following terms and conditions:

The IVSC, the authors and the publishers do not accept responsibility for loss caused to any person who acts or
refrains from acting in reliance on the material in this publication, whether such loss is caused by negligence or
otherwise.

No part of this publication may be translated, reprinted or reproduced or utilised in any form either in whole or in part or
by any electronic, mechanical or other means, now known or hereafter invented, including photocopying and recording,
or in any information storage and retrieval system. The material may not be used to create a commercial product, either
by reproducing it or elements of it in any material distributed for commercial gain or through use in conferences,
seminars or other events without the prior written consent of the IVSC. The IVSC reserves the right to charge a fee for
such use.

IVS remains at all times the property of the International Valuation Standards Council (IVSC)
Copyright © 2019 International Valuation Standards Council (IVSC).

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Appendix

RIGHTS AND RESPONSIBILITIES OF IVSC MEMBERSHIP

(1) Following admission to Membership, each Member shall appoint one Delegate to the
IVSC by notice in writing to the Chief Executive Officer. Any subsequent changes in
such appointment from time to time shall be made by notice to the Chief Executive
Officer. Each Delegate shall exercise the vote of his or her Member.

(2) Members may be represented at the annual and any special meetings of the International Valuation
Standards Council by one Delegate who may be accompanied by one assistant who may act as a
translator or take notes.

(3) The annual meeting of the Members shall be held on or before 30 November of each year at the office
of the Corporation, or at such other place and at such time as may be provided by resolution of the
Board of Trustees. The purposes of the annual meeting shall be: to elect Trustees to the Board of
Trustees; to receive the annual reports of the IVSC Boards and Committees; to receive financial
statements of the Corporation for the preceding year; to receive the year to date operating results and
projected remaining budget of the current year; to receive the budget of the Board of Trustees for the
next year; to receive the names of Officers appointed or elected by the Board of Trustees; to receive
the names of persons appointed to IVSC Boards and Committees: to admit new Members; and to
transact such other business, if any, stated in the notice of the meeting.

(4) A primary function of IVSC Members is to advise the Boards on issues related to projects on the
Boards’ agendas, possible new agenda items, project priorities, procedural matters that may require the
attention of the IVSC, and other matters as requested by the chairmen of the Boards. The role of
Members is not to reach a consensus or to vote on such issues that it considers at its meetings. Rather,
it is to operate as a window through which the Boards can obtain and discuss the representative views
of the diverse IVSC membership groups.

(5) Members of IVSC are urged to speak out publicly on matters before the IVSC Boards
and also to be supportive of the Boards’ processes and the principle of private-sector
standard setting. Individual members are not expected to agree with the Boards’
decisions on all of the technical aspects of the projects on the Boards’ agendas, but it
is important that IVSC Members support the institution and its due process.

(6) Members are encouraged to nominate individuals to serve on the Board of Trustees, the International
Valuation Standards Boards, the Membership & Standards Recognition Board and the Advisory Forum
Working Group.

(7) Members may announce themselves as members of the International Valuation Standards Council.
Use of the IVSC logo is prohibited without the prior permission of the Board of Trustees.

(8) Individuals who are members or employees of an IVSC Member organisation are under no
circumstances permitted to refer to themselves as members of the International Valuation Standards
Council.

MEMBERSHIP DUES

(1) Formal appointment to membership and access to member benefits are granted only
upon receipt of fees being paid to the IVSC. Membership fees are payable annually in
April unless otherwise set out and agreed with the IVSC.

(2) All member organisations are required to give 12 months’ notice of their intention to
cede membership of the IVSC.

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(3) Membership of the IVSC will include the obligation to provide resources to participate in the IVSC’s
activities and to pay appropriate fees. Membership dues for each category of membership shall be
determined by resolution of the Board of Trustees of the IVSC and may be revised from time to time.

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