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Putting the “C” in CMEA

August 14, 2014

NEBBI CertifiedWe talk a lot in this blog about how important it is to get a certified appraisal. That’s why we’re always pointing you in the direction of Certified Machinery & Equipment Appraisers (CMEAs). They’ve got “certified” built right into the title, and since CMEA is a designation awarded by NEBB Institute, we’re confident that a CMEA has undergone comprehensive training on the approaches to value, depreciation, value determination, USPAP regulations, and ethics. We’re also sure that a Certified Machinery & Equipment Appraisal submitted by a CMEA will withstand scrutiny by the IRS, courts, CPAs, and others.

But if there are Certified Machinery & Equipment Appraisers, does it stand to reason that there are Uncertified Machinery & Equipment Appraisers? UMEAs? That would just be a terrible title to carry around, so no, there are no UMEAs. There are, however, Machinery & Equipment Appraisers (MEAs).

The MEA designation, though similar to CMEA, is not the same as a Certified Machinery & Equipment Appraiser. An MEA is only authorized to analyze and consult when it comes to a machinery and equipment appraisal.

When it’s time to have your machinery or equipment appraised, don’t take any chances — be sure you’re dealing with a CMEA.

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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