Well, you can declare prima nocte....
And get your parking validated.
But keep in mind these titles, these ranks - they're honorary.
CMDR Soandso is an Admiral in the eyes of the Federal Navy - that is to say, CMDR Soandso is to be given the same respect as any Admiral, but holds no command authority, isn't paid by the Federal Navy, and won't draw a pension. They just respect him.
Likewise, CMDR Soanso holds the honorary title of King in the Empire - meaning he should be given the same level of respect, though he rules over his little Kingdom of 1, and it flies him where ever he wants to go.
But that's really it.
MAYBE, in 4.2 or 5.3, or 9.1 these titles will actually take on some meaning, but for now.. Can I validate your parking, your Royal High Sir?
At the VERY least, traffic control should at least be aware of our titles, and not talk to us like common turds.