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Major Group

Technicians and Associate Professionals

Sub-Major Group

Business and Administration Associate Professionals

Minor Group

331

Financial and Mathematical Associate Professionals

Unit Group

3315

Valuers and Loss Assessors

Minor Unit Group

MASCO Code

3315-01

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Appraiser/Valuer

TVET

TVET scope is based on recognized occupational standards, with emphasis on practical components, psychomotor skills and exposure to training in the industry

Appraiser/Valuer conducts independent assessments to determine the market value of land, buildings and other tangible assets for purposes such as sale, purchase, mortgage, taxation, insurance, development and legal proceedings. They inspect properties or assets, analyse relevant market and legal information, and apply recognised valuation principles to produce formal reports that support decision-making by individuals, businesses, financial institutions and public authorities. The role requires adherence to Malaysian valuation standards and applicable laws.

Tasks

Inspect and assess the condition, structure, and features of properties or assets for valuation purposes.

Research and analyse market data and comparable properties to determine asset value.

Apply standard valuation methods, including cost, sales comparison, and income approaches.

Prepare detailed and compliant valuation reports for clients, financial institutions, courts, insurance companies, or tax authorities.

Advise clients on market trends and property values for transactions, investment, or insurance purposes.

Ensure all valuation activities comply with Board of Valuers, Appraisers, Estate Agents and Property Managers (BOVAEP), legal standards, and relevant regulations.

Collect and review historical transaction data, previous valuations, and property records for analysis.

Supervise and guide junior staff or assistants in valuation assignments.

Skills

Basic

Analytical thinking and problem-solving to assess asset value accurately.

Attention to detail and accuracy in inspections, reports, and data interpretation.

Critical thinking and active listening to evaluate information and understand client needs.

Effective written and verbal communication, including negotiation and client interaction.

Strong numerical ability and financial literacy for precise valuation calculations.

Specific

Ability to analyse property data, market trends, construction costs, and economic indicators for valuation purposes.

Competency in interpreting building plans, ownership documents, and market data.

Knowledge in land and strata title systems, land use regulations, and statutory requirements such as stamp duty and capital gains tax.

Knowledge in land registry systems and property records management.

Knowledge in Malaysian property laws, Board of Valuers, Appraisers, Estate Agents and Property Managers (BOVAEP), and Malaysian Valuation Standards (MVS) guidelines.

Proficiency in valuation and property management software, including Geographic Information System (GIS) and Microsoft Excel.

Proficiency in valuation methodologies, including comparative, investment, residual, and cost approaches.

Additional Info

QUALIFICATION

Bachelor’s degree or equivalent

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