The Test of Professional Competence (TPC) is a major professional milestone for Probationary Valuers seeking registration as Registered Valuers in Malaysia. Beyond technical knowledge, the TPC assesses whether a candidate is ready to practise valuation work independently, with sound professional judgement, ethical awareness, and practical competence.
While the official rules and guidelines for the TPC are issued by the Board of Valuers, Appraisers, Estate Agents and Property Managers (BOVAEP), effective preparation requires more than simply meeting eligibility requirements. It involves structured experience, thoughtful reflection on professional practice, and readiness to articulate valuation decisions clearly.
This article outlines practical and professional considerations to help candidates prepare responsibly for the TPC, in line with the expectations of the valuation profession.
1. Build Strong Practical Experience During Probation
One of the most important aspects of TPC preparation is the quality of practical training gained during the probationary period.
Candidates should aim to gain exposure to:
- Different property types (residential, commercial, industrial, and where possible, specialised assets)
- Various valuation purposes such as financing, sale and purchase, rental, statutory, and advisory assignments
- Site inspections, market analysis, and client engagement
- Valuation report preparation from start to finish
Rather than focusing only on volume of cases, candidates should understand the reasoning behind valuation approaches, assumptions made, and how professional judgement is applied in different scenarios.
2. Maintain Clear and Accurate Training Records
Proper documentation of professional experience is an essential part of the TPC application process.
Candidates should ensure that:
- Training records or logbooks are kept consistently and accurately
- Information recorded reflects actual work performed
- Records are properly certified or verified by the supervising Registered Valuer
- Supporting documents are organised and retrievable when needed
Well-maintained records not only fulfil submission requirements but also help candidates reflect on their own professional development.
3. Strengthen Valuation Report Writing Skills
Valuation report writing is a key competency expected of Registered Valuers and is commonly assessed during the TPC process.
Candidates should focus on:
- Clear structure and logical presentation
- Proper explanation of valuation methodology and assumptions
- Consistency between analysis, evidence, and conclusion
- Compliance with professional standards and accepted practice
- Professional language and clarity of opinion
Practising report reviews with senior valuers or mentors can be especially helpful in improving report quality and confidence.
4. Understand Professional Standards, Ethics, and Responsibilities
Professional conduct and ethics are central to valuation practice and form an important part of the TPC assessment.
Candidates should have a working understanding of:
- Independence and objectivity in valuation
- Confidentiality of client information
- Avoidance and disclosure of conflicts of interest
- Professional responsibility and accountability as a Registered Valuer
Ethical awareness is often evaluated through scenario-based discussions, where candidates are expected to demonstrate sound judgement rather than textbook answers.
5. Prepare for the Professional Interview
The professional interview allows the assessment panel to evaluate whether a candidate is ready for independent professional practice.
During preparation, candidates should:
- Be able to explain valuation decisions clearly and confidently
- Reflect on practical experiences and lessons learned
- Demonstrate awareness of professional responsibilities
- Communicate calmly and professionally under questioning
Candidates are not expected to know everything, but they are expected to show reasonable judgement, honesty, and professional maturity.
6. Seek Guidance and Mentorship
Preparation for the TPC should not be done in isolation. Candidates are encouraged to seek guidance from:
- Supervising Registered Valuers
- Senior colleagues with TPC experience
- Professional peers within the valuation community
Mentorship provides practical insights, helps identify areas for improvement, and builds confidence ahead of the assessment.
Conclusion
Preparing for the Test of Professional Competence for Valuers in Malaysia is a structured professional journey rather than a last-minute exercise. By focusing on practical experience, proper documentation, strong report writing, ethical awareness, and professional communication, candidates can approach the TPC with confidence and clarity.
Successful completion of the TPC signifies readiness to take on the responsibilities of a Registered Valuer, contributing positively to Malaysia’s property industry with professionalism and integrity.