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Helping Your Appraisal Business Grow

August 20, 2014

Anyone familiar with this blog knows how much a CMEA can do for their business. Auctioneers can improve their business. Real estate appraisers can add another stream of income to their business. There are also plenty of people a CMEA can approach when trying to expand their business. Consider directing your prospecting toward someone in the following categories.

Bankers and Lenders – When a banker or lender grants a loan, he or she must know that the lendee has enough collateral to repay the loan if it goes into default. CMEAs can tell a lender how much a company’s assets are worth.

Accountants – CMEAs can help an accountant go beyond the book value of a company’s assets by taking into account the rarity and usefulness of an asset and how much it would be worth on the open market.

Attorneys – An attorney with a client going through divorce, partnership dissolution, bankruptcy, or estate planning must know the value of that client’s assets. A CMEA can corroborate the accuracy of the numbers an attorney has in hand.

Business Owners – For tax and planning purposes, a business owner has to know the value of his or her assets. A CMEA is able to help a business owner determine what his or her assets are worth.

If you are not a CMEA but fall into one of the categories of people who need one, look for a CMEA in your area.

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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