BOVAEP Valuer TPC Practice Questions - BOVAEP Valuer Test Of Professional Competence Exam

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According to MVS Standard 2 (Conditions of Engagement), when must the terms of the valuation engagement be confirmed in writing between the valuer and the client?

Within 14 days after the valuation report has been delivered to the client Prior to the release of the final valuation report or any written advice Only when the client disputes the professional fees charged by the firm When the property valuation exceeds a threshold of RM10,000,000

Correct Answer:

Prior to the release of the final valuation report or any written advice

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