Licentiates and Students can affix L.I.I.V. and S.I.I.V. respectively to their names to indicate their membership of the Institution.

Eligibility conditions for Licentiate are same as those of Associates the difference being experience required for Licentiates is up to 4 years instead of 5 years for Associates.

The Licentiate and Student cannot practice as an Independent Valuer being a non Corporate member.