BOVAEP Valuer TPC study plan

Reproduce from memory the definition of market value, market rent and the principal non-market bases recognised in Act 242 and the current Malaysian Valuation Standards, naming two situations in which each non-market basis is appropriate.

Complete 40 numerical drills on capitalisation, discounted cash flow, sinking-fund depreciation and comparison adjustment grids, recording every error and restating the affected formula in your own words.

Draw a one-page decision matrix that maps the market, income and cost approaches against six property types and states the data preconditions for each pairing.

Write a 400-word explanation of why the basis of value must be settled before an approach is chosen, illustrated by a forced-sale or mortgage-repossession instruction.

Apply the comparison approach to a hypothetical terraced house and a stratified residential unit, making and justifying at least four adjustments per comparable with evidence-based reasoning.

Build a ten-year discounted cash flow for a shop-office, derive both market value and market rent, and run sensitivity tests on yield of plus or minus 50 basis points and voids of plus or minus one month.

Reconcile the comparison and income indications into a single opinion of value, documenting the weighting rationale and the range of uncertainty.

Tabulate the difference between gross and net operating income conventions and show how each convention shifts the capitalised result.

Value an industrial plant by the cost approach, separating land, buildings and plant and machinery, and quantifying physical, functional and economic obsolescence as explicit deductions.

Value an oil palm or rubber estate using an income model that states age profile, yield, price, replanting cycle, discount rate and land-title assumptions.

Prepare a going-concern valuation of a small hotel, allocating the concluded value between real property, furniture and equipment, and business intangible.

Compile a list of at least eight information requests a valuer must obtain and verify before accepting a specialised or going-concern instruction.

Build a comparison matrix of eight tenure and title types, covering freehold, leasehold, qualified title, strata title, Malay reserved land, native title in Sabah and Sarawak, and temporary occupation licence, noting the valuation risk each creates.

Summarise the National Land Code 1965 rules on registration, indefeasibility, caveats, charges and lease conditions, and translate each rule into a practical instruction a valuer should follow.

Trace the statutory approval chain for a stratified mixed-use development from planning permission through conversion and subdivision to issuance of strata titles.

Answer 40 scenario questions on tenure, dealings and title risk, scoring at least 80 per cent and logging every missed concept.

Compute statutory compensation for a hypothetical partial acquisition, itemising market value, severance and injurious affection, disturbance and incidental expenses, and cross-check the total against a before-and-after valuation.

Prepare a rating valuation of a shoplot under the Local Government Act 1976, derive annual value from rental evidence, complete a valuation-list entry and draft an objection with numbered grounds.

Distinguish the valuation inputs required for assessment rates, quit rent, real property gains tax and stamp duty, and state which authority uses each figure and for what purpose.

Identify the statutory assumptions and limiting conditions that must be stated in an acquisition or rating report, and explain the consequence of omitting each.

Interpret zoning, plot ratio, density, setback and conversion requirements for a hypothetical site under the Town and Country Planning Act 1976, and state the premium and development-order implications.

Carry out a residual land valuation for a two-hectare residential site, testing sensitivity to construction cost of plus or minus 10 per cent and gross development value of plus or minus 10 per cent.

Calculate and interpret net operating income, capitalisation rate, net present value, internal rate of return, equity dividend rate and debt service cover ratio for a hypothetical office investment.

Explain how planning risk, gearing and interest-rate movement transmit into value, price and developer margin, using the residual model as the illustration.

Summarise the duties and disciplinary framework under Act 242, covering registration, competence, confidentiality, conflicts of interest, fees, advertising and professional indemnity obligations.

Draft reasoned answers to six ethics scenarios, including pressure to inflate value, an undisclosed referral fee, a conflict of interest, an instruction outside your competence, disclosure of confidential client data, and acting for both sides, citing Act 242 and Malaysian Valuation Standards principles.

Analyse one local submarket using supply, demand, vacancy, yield gap and property-cycle evidence, and state what the data implies for a valuer's capitalisation rate.

Set out the valuer's role and liability in mortgage lending, explaining how an unsupported valuation exposes the valuer, lender and borrower to loss.

Write a full Malaysian Valuation Standards-compliant report for a mixed commercial property, covering instruction, basis and purpose, scope, inspection, analysis, reconciliation, assumptions, limiting conditions, declaration and signature.

Audit three earlier reports against a 30-point report checklist and correct every gap found.

Rehearse a ten-minute oral defence of a valuation before a mock panel, answering challenges on basis, evidence, adjustments and assumptions.

Complete two full timed mock papers spanning all eight domains, scoring at least 75 per cent, and convert the error log into a one-page formula and statute cue sheet.