About the International Valuation Standards Council | IVS Updated effective 31 January 2022 | International Property Management Standards | Current Standards
The International Valuation Standards (IVS) and the International Property Measurement Standards (IPMS) have been developed and published by international coalitions set up to promote a consistent global approach for the property industry. The API is a member of both the International Valuation Standards Council (IVSC) and the International Property Measurements Standards Coalition (IPMSC).
The API adopted the IVS word-for-word in 2007 and API Valuer Members have a mandatory requirement to comply with the IVS.
The IPMS, whilst not mandatory for Members, is consistent competent professional practice for the principles and guidance contained with the IPMS to be followed by Members.