The Test of Professional Competence (TPC) is a key professional assessment required for individuals seeking registration as Registered Valuers in Malaysia. Administered under the authority of the Board of Valuers, Appraisers, Estate Agents and Property Managers (BOVAEP), the TPC is designed to ensure that valuers entering professional practice meet the required standards of competence, professionalism, and ethical conduct.
For probationary valuers and valuation graduates, understanding the general structure, expectations, and professional requirements of the TPC is essential for effective preparation and career progression in the property valuation industry.
Purpose of the Test of Professional Competence
The primary objective of the TPC is to assess whether a candidate has acquired sufficient practical experience and professional judgement to practise independently as a valuer.
Valuers play an important role in Malaysia’s property and financial ecosystem, supporting lending decisions, investments, acquisitions, statutory matters, and dispute resolution. As such, the TPC focuses on verifying that candidates are capable of applying valuation principles appropriately in real-world situations, in accordance with professional standards and regulatory expectations.
Eligibility to Apply for the TPC
Candidates intending to sit for the TPC are generally required to:
- Be registered with BOVAEP as a Probationary Valuer
- Complete a prescribed period of practical training under the supervision of a Registered Valuer
- Maintain proper records of professional experience as required by the Board
- Fulfil all academic and registration requirements recognised by BOVAEP
- Comply with professional and ethical obligations throughout the training period
Applicants are expected to submit the necessary documentation in accordance with the prevailing Rules and Guidelines issued by the Board at the time of application.
General Structure of the TPC Assessment
Based on official guidance, the TPC for valuers typically comprises multiple assessment components, which may include:
- Submission of documented practical experience and training records
- Evaluation of valuation work or practical tasks prepared by the candidate
- A professional interview conducted by an appointed panel
The assessment is intended to evaluate both technical competence and professional application, rather than academic knowledge alone.
Candidates are expected to demonstrate familiarity with valuation methodology, professional standards, relevant legislation, report preparation, and ethical considerations commonly encountered in valuation practice.
Professional Interview and Evaluation
The professional interview forms an important part of the TPC process. During the interview, candidates may be assessed on:
- Understanding of valuation principles and approaches
- Application of judgement in practical valuation scenarios
- Professional conduct and ethical decision-making
- Awareness of regulatory responsibilities as a registered valuer
- Ability to communicate valuation opinions clearly and professionally
The interview allows the assessment panel to evaluate whether the candidate is ready to assume the responsibilities of a registered professional.
Rules, Conduct, and Compliance
Candidates undertaking the TPC are required to comply strictly with the rules, procedures, and instructions issued by BOVAEP. This includes:
- Providing accurate and truthful information in all submissions
- Ensuring that submitted work reflects genuine personal experience
- Observing professional conduct throughout the assessment process
- Adhering to confidentiality and ethical standards
Any form of misconduct or misrepresentation may affect the outcome of the assessment and future registration eligibility.
Preparation Considerations for Candidates
Effective preparation for the TPC typically involves:
- Gaining broad exposure to different property types and valuation assignments
- Developing strong valuation report writing skills
- Understanding applicable valuation standards and professional guidance
- Seeking guidance and mentorship from experienced Registered Valuers
- Keeping up to date with current market practices and regulatory expectations
Candidates are encouraged to refer to the latest official Rules and Guidelines issued by BOVAEP, as requirements and formats may be updated from time to time.
Importance of the TPC in a Valuer’s Career
Successfully completing the Test of Professional Competence is a significant milestone. It signifies that a candidate has met the professional threshold required to practise as a Registered Valuer, with increased responsibility, professional recognition, and career opportunities within the property industry.
Conclusion
The Test of Professional Competence for Registration as Valuers serves as a professional safeguard, ensuring that valuation practitioners entering the industry are competent, ethical, and prepared for independent practice.
By understanding the general rules, expectations, and professional standards of the TPC, aspiring valuers can prepare with confidence and progress responsibly within Malaysia’s regulated property profession.