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Getting a CMEA Designation

May 12, 2010

Last week, in our post titled “Real Estate Appraisers Expand Services by Offering Certified Machinery and Equipment Appraisals,” we discussed the success some real estate appraisers have experienced by adding machinery and equipment appraisal services to their list of offerings. If you’re a real estate appraiser and would like to expand your service offerings by acquiring the National Equipment & Business Builders (NEBB) Institute’s Certified Machinery and Equipment Appraiser (CMEA) designation, it requires a few steps and a strong dedication to your industry. 

To receive the designation, candidates must attend an intensive training course run by the institution, and pass a comprehensive written exam. The candidate will then be asked to prepare a Uniform Standards of Professional Appraisal Practice (USPAP)-compliant sample appraisal report. This report will be graded by two appraisers with the CMEA designation and must pass through a peer review committee.

Appraisers with the CMEA designation can maintain the title by attending annual refresher courses, staying up-to-date on continuing education required by the NEBB Institute, and promising to adhere to the ethics rule of USPAP, which we’ll cover in a later post. 

By: NEBB Institute

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