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

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Under Standard 1 of the Malaysian Valuation Standards (MVS) 7th Edition (2025), what action must a Registered Valuer take if they discover a conflict of interest during a valuation assignment?

Proceed with the valuation but include a minor disclaimer at the end of the report Disclose the conflict in writing to the client immediately and obtain their written consent before proceeding Verbally inform the client during the draft presentation of the valuation report Increase the professional scale fees to cover the risk of conflict of interest

Correct Answer:

Disclose the conflict in writing to the client immediately and obtain their written consent before proceeding

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