The Test of Professional Competence (TPC) is an important professional assessment for Probationary Valuers seeking registration as Registered Valuers in Malaysia. While many candidates focus heavily on meeting eligibility requirements, challenges often arise due to common misunderstandings about what the TPC truly evaluates.
The TPC is not an academic examination. Instead, it assesses whether a candidate is professionally ready to practise valuation independently, with sound judgement, ethical awareness, and practical competence. Recognising common mistakes early allows probationary valuers to prepare more effectively and approach the assessment with confidence.
1. Focusing on Quantity of Cases Over Quality of Experience
One common mistake is assuming that completing a high volume of valuation cases alone guarantees readiness for the TPC.
While exposure is important, assessors are more concerned with whether candidates understand:
- Why a particular valuation approach was selected
- How market evidence was analysed and adjusted
- How assumptions were formed and justified
Candidates who focus only on the number of cases without reflecting on professional reasoning and judgement may struggle during the professional interview. Quality of experience and depth of understanding are more important than sheer volume.
2. Treating the TPC Like an Academic Exam
Some probationary valuers prepare for the TPC as if it were a written academic test, memorising definitions, formulas, or textbook explanations.
In reality, the TPC emphasises:
- Practical application of valuation principles
- Professional judgement in real-world scenarios
- Ethical decision-making and responsibility
Candidates are expected to explain how valuation principles are applied in practice, rather than recite theoretical knowledge. Over-reliance on memorisation without practical understanding is a common preparation pitfall.
3. Poor or Incomplete Training Records
Incomplete or poorly maintained training records are another frequent issue.
Common problems include:
- Inconsistent or unclear entries
- Records that do not reflect actual work performed
- Lack of proper verification by supervising Registered Valuer
- Disorganised supporting documentation
Training records are not merely administrative requirements; they demonstrate a candidate’s professional development journey. Accurate and well-maintained records also help candidates articulate their experience clearly during the assessment process.
4. Weak Valuation Report Writing Skills
Valuation report writing is a core competency expected of Registered Valuers, yet some candidates underestimate its importance before sitting for the TPC.
Common weaknesses include:
- Lack of clarity in analysis and conclusions
- Poor explanation of assumptions and methodology
- Inconsistencies between market evidence and valuation outcomes
- Overly technical or unclear language
Candidates should ensure they are comfortable preparing complete valuation reports independently and explaining their reasoning in a clear and professional manner.
5. Insufficient Understanding of Professional Ethics
Another critical mistake is underestimating the importance of professional ethics and conduct.
Ethical awareness goes beyond knowing formal rules. Candidates should be able to demonstrate:
- Independence and objectivity in valuation work
- Proper handling of conflicts of interest
- Confidentiality and professional responsibility
- Appropriate responses to ethical dilemmas
Ethics-related discussions often arise during professional interviews, and candidates are expected to show sound judgement rather than provide scripted answers.
6. Lack of Preparation for the Professional Interview
Some candidates focus heavily on documentation and technical work but give little attention to preparing for the professional interview.
During the interview, candidates may be asked to:
- Explain valuation decisions made in past assignments
- Discuss challenges faced and how they were addressed
- Reflect on lessons learned during probationary training
- Demonstrate readiness for independent practice
Candidates who are unable to articulate their experiences clearly or who appear uncertain about professional responsibilities may leave a negative impression.
7. Preparing in Isolation Without Guidance
Attempting to prepare for the TPC alone is another common mistake.
Probationary valuers benefit greatly from:
- Guidance from supervising Registered Valuers
- Feedback on valuation reports and training records
- Discussions with peers who have completed the TPC
- Participation in professional learning and industry activities
Mentorship helps candidates identify gaps, improve confidence, and align preparation with real professional expectations.
Conclusion
Most challenges faced by probationary valuers before the Test of Professional Competence stem not from lack of ability, but from misunderstandings about what the TPC assesses.
By avoiding common mistakes—such as prioritising quantity over quality, neglecting ethics, or underpreparing for the professional interview—candidates can approach the TPC with greater clarity and confidence.
The TPC represents a transition from supervised training to independent professional responsibility. Preparing thoughtfully and professionally is key to success and long-term growth within Malaysia’s property valuation profession.