NZIV Rule 8 defines the different categories of membership:
- Associates - ANZIV
- Fellows - FNZIV
- Life Members - FNZIV (Life)
- Honorary Members
- Retired Members
- Person holding Affiliate Association
|NZIV Member||Every member who is not a Fellow, Associate, Life Member, Honorary Member or holds Affiliate Association of the Institute shall be entitled to describe themselves as a Member of the Institute.|
You will receive a welcome letter from the New Zealand Institute of Valuers (NZIV) once your application for registration with the New Zealand Valuers Registration Board has been confirmed directly with the membership department.
|Associate Members (ANZIV)||Associate membership is about recognising those Members who have successfully demonstrated their progression of being a Registered Valuer to NZIV Council, |
their local Branch and potential users of their valuers services. Associate membership aims to improve the standard of our profession,
thus improving the regard to which valuers are held in by users of our services.
Every applicant for admission as or advancement to an Associate shall satisfy the following conditions:-
11. (a) They shall have been employed in the profession to the satisfaction of the Council for not less than four years out of the previous six years, the last 6 months within New Zealand; and
(b) They shall be registered as a valuer under The Act and have obtained a minimum of 12 months post registration experience and display to the satisfaction of Council that they have achieved a level of skill, knowledge, competency and understanding for the efficient practice of the profession; and
(c) They shall conform to such other conditions as the Council may in any case require to be observed;
|Fellow (FNZIV)||A member may be nominated for Fellowship of the Institute if they are deemed to have attained a significant professional standing. This includes recognition for services to the industry and the Institute over an extended period. A nomination is from one of the Institute’s Branch Committees. Fellowships are awarded at the descretion of Council.||For a full list of our Fellows|
|Life Members |
|Life Membership is the highest honour that a member can receive from the Institute. It recognises the exceptional career of senior members of the profession, widely respected both in the community and in the profession. Their outstanding career achievements and contributions to the profession. Members who have been awarded a Life membership are entitled to use the designation they have earned followed by life in brackets, for instance, FNZIV (life).||For the award recipient list |
|Honorary Members||Persons not being members of the New Zealand Institute of Valuers, who have rendered such services to the Institute as in the opinion of the Council entitle them to the distinction, or any other such persons, not being members of the New Zealand Institute of Valuers, upon distinction because of their knowledge and experience in pursuits connected to the profession of valuing, may be admitted on the unanimous vote of the Council as Honorary Members and such persons shall thereupon become entitled to all the privileges of a financial member during their life without the payment of any contributions or dues, but shall not be entitled to vote or hold office.|
|Retired Members||Retired is defined as any member retired from all paid employment. To retire your membership you must first contact the VRB Registrar to inform them of your intent to retire.||Contact the VRB here|
|Person holding Affiliate Association||The Council may from time to time admit suitable persons to Affiliate Association with the Institute. |
17.1 Every applicant for admission to Affiliate Association of the Institute shall:
17.2(a) Satisfy the Council that they are of good character and reputation;
(b) Have attained such educational standard to the satisfaction of the Council or shall be enrolled for a course of study leading to a recognized certificate;
(c) Be engaged in a field relating to valuation and who, in view of the Council, has made or is in a position to make a contribution to the profession of valuing and meets such other criteria as the Council determines, or
(d) Conforms to such other conditions as the Council may from time to time determine.
(3) Affiliates may be required to pay such annual subscriptions as the Council from time to time prescribes.
(4) Affiliates shall be entitled to attend general meetings of the Institute and of any Branch.
(5) Subject to the provisions of this Rule, an Affiliate shall enjoy such other privileges as may be extended to them from time to time by the Council or by any Branch.
(6) No Affiliate shall be deemed to be a full member of the Institute as defined in Rule 7 or 8(a), (b) or
(d) or be entitled to describe themselves as a Member of the Institute.
(7) No Affiliate may advance to full membership of the Institute as defined in Rule 7 or 8(a), (b) or (d) except through qualifying by attaining a recognized certificate, and/or experience.
(8) All persons holding Affiliate Association shall be bound by the Code of Ethics as if they were full members of the Institute.
|Non-Practicing||Non-Practising is defined as a member who has ceased to practice in any property profession. |
Your Valuers Registration status impacts on your membership with the Institute. If you hold Non-Practising Valuer Registration then you are required to remain as a full member and complete the annual CPD requirements set by the Institute.
The New Zealand Institute of Valuers engages the Property Institute of New Zealand to perform professional administration and management support services on its behalf.
When you receive your letter your status with be changed to hold membership with both PINZ and NZIV. There is no additional cost to be both an NZIV and PINZ member.
As an NZIV member, you can advance your status with PINZ to Full member (MPINZ) or Senior member (SPINZ). Associate membership with NZIV can be applied for after one year of registration (ANZIV). Please refer to the ANZIV process document regarding the process to advance your membership.
Your Valuers Registration status impacts on your membership with the Institute. If you hold Non-Practising Valuer Registration or Practising Valuer Registration then you are required to remain as a full member and complete the annual CPD requirements set by the Institute.
Membership Advancement to Fellowship
Recognising outstanding achievement and contribution to the profession.
Fellowship recognises members for their outstanding career achievements and contributions to the profession. Members who have been awarded a Fellowship are entitled to use the designation FNZIV (Fellow of NZIV).
How does a member advance to Fellow?
The Branch Committee makes a recommendation to NZIV Council to advance a member to the status of Fellow.
12. (1) The Council may advance to the status of Fellow any member who complies with all the following requirements:-
(a) They are nominated for advancement by the Committee of the Branch to which they belong; and
(b) They have been an Associate for not less than six years; and
(c) The Council considers that, by reason of their advanced skills, their exceptional services to
the profession and the esteem in which they are held by members and the community, it is
just and fitting that the member be advanced to the status of Fellow; and
(d) They comply with such other conditions as the Council in any case prescribe; and
(2) Advancement from the status of Associate to that of Fellow shall not be automatic, and shall be
subject to compliance with all the requirements specified in sub-clause (1) of this Rule.
(3) Provided also for sufficient cause the Council may review, suspend or cancel such status.
Membership of the New Zealand Institute of Valuers is compulsory for anyone holding registration as a Valuer in New Zealand.
Property Institute membership is complementary to those who have paid for and met the entrance criteria of the New Zealand Institute of Valuers.
|Membership Type||Annual Cost (2022)||Education Subsidy|
|Honorary Fellows / Life members||Complimentary|
*Retired is defined as any member retired from all paid employment.
**Non-Practising is defined as a member who has ceased to practice in ANY property profession.
NZIV has reciprocity agreements with countries where it has been established that education and practice standards are equivalent to those required by the New Zealand Valuers Registration Board for obtaining registration. Please refer to their website for more information.
Canada: Appraisal Institute of Canada (AIC). The applicant must have an Accredited Appraiser Canadian Institute (AACI) status in the Appraisal Institute of Canada and be in good standing with the Institute.
Great Britain: Royal Institution of Chartered Surveyors (RICS) Valuation Faculty (formerly General Practice Division)
Australia: The Trans-Tasman Mutual recognition Act 1997 makes it easier for New Zealand Registered Valuers to practice in Australia and for Australian registered Valuers to practice in New Zealand. The Valuers Registration Board of New Zealand will be able to provide more information to Australian based valuers wanting to practice in New Zealand.
PINZ has a strategic alliance with API however this is not seen as guaranteed approval as a registered valuer in New Zealand.
Singapore: The Singapore Institute of Surveyors and Valuers (SISV)