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Who Needs a CMEA?

January 11, 2012

We’ve talked frequently about how a Certified Machinery Equipment and Appraiser (CMEA) designation can help you. It can add an additional income stream to a real estate appraiser’s business. It can help you become an auctioneer or become involved in auctions. But as a CMEA, who will turn to you for your help and expertise? Below are four types of people who could potentially use your services this year.

 

Attorneys – Act as an expert witness, or provide a substantiated, irrefutable, defensible appraisal report that will stand up as evidence in court.

 

Accountants – The IRS requires a certified appraisal report when machinery or equipment is part of your tax documents to prove the value of the equipment.

 

Bankers and Lenders – Before making a loan for a piece of machinery or equipment, a banker or lender must know the value of that piece of equipment and must also have proof that it exists. Bankers and Lenders will turn to a CMEA for this service.

 

Business Owners – For exit planning, tax purposes, business valuations, or many other reasons, business owners will sometimes need to know the value of their equipment and machinery.

 

The NEBB Institute endorses and strives to observe the highest standards of professional ethics to preserve the public trust inherent in the professional appraisal practice. The Institute provides initial and monthly comprehensive education, ongoing support, and a dynamic international network, and certifies professionals in the art of machinery/equipment appraisal and brokerage.

By: NEBB Institute

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