I submitted 2 provider reviews yesterday. Id like to know on average how long it takes before theyre approved and posted. Also will that give me vip status, and how will I know if I have it?

Usually two to three days for reviews to get approved unless TER has an issue with them. After the second review gets approved you should be given VIP within a day or so. When you log in, under the "Welcome, NICKNAME!" your status will show as VIP.

You can check the status of your reviews by going to  "My Ter" then "My Reviews", look at the far right column, it'll say the  status of your review.  Since you're new, if you're seeing unreviewed providers it could take awhile.
Over the years, and under different management,  I've had reviews approved literally in minutes and as long as a week. I haven't written a review in awhile, however, the last couple of reviews I wrote back a few months, were apporved in about 48 hrs.

...you never know. It has been within a day for me lately.

How will you know? When you log on look to the right at the little box that says Welcome, dropinloads!
Under it the banner will say VIP MEMBER.

You will receive the VIP days once the second review is approved and posted.

Thanks for the info hiddenhills. Im not knew to the hobby, but new to this site, and its a bit confusing.