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So What’s in a CMEA’s Appraisal Report Anyway?

January 18, 2012

It’s no secret that NEBB Institute is a staunch advocate for CMEA training. As a CMEA, you can make more money, increase business opportunities, get more auctions, overcome competition, and reduce the risk of liability.

One of the things CMEAs do is prepare qualified equipment appraisal reports. But what are these reports, and what do they contain?

A CMEA’s comprehensive and detailed appraisal report includes photographs, model numbers, serial numbers, and other descriptive information required by the party requesting the report. Values are based on extensive research, personal inspection, and contact with manufacturers and suppliers to determine what machinery and equipment is really worth.

A CMEA’s machinery and equipment appraisals are performed to standards set by the requirements of the Uniform Standards of Professional Appraisal Practice (USPAP). A CMEA stands behind the certified appraisal report. That’s why it withstands scrutiny by financial institutions, CPAs, courts, and others.

Ready to start training, become a CMEA, and write these reports yourself? Contact NEBB Institute today!

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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