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Three Quick Questions Will Reveal Any Appraiser’s Operating And Valuing Process Most business owners do not know that an error in judgment in appraising machinery and equipment can be costly. That’s why as a business owner, you should have confidence that the values are true and are backed by evidence to support the fair market value. Ask these important three questions to determine whether your Machinery and Equipment Appraisal Report will hold up under scrutiny. You see, all Machinery and Equipment Appraisal Reports are not created equal. 1. Which professional has the training, knowledge and expertise to provide a Certified Machinery and Equipment Appraisal Report? Answer: A Certified Machinery and Equipment Appraiser (CMEA) is a professional who has the training, knowledge, experience and background to render a Certified Machinery and Equipment Appraisal Report. All CMEA professionals receive extensive continuous training on a monthly basis and are subject to peer review on a regular basis. Only after a professional passes a comprehensive written examination and submits an appraisal is that professional awarded the prestigious professional designation of CMEA by the National Equipment & Machinery Brokers Institute. In addition, the professional is required to re-certify every five years. More importantly, a CMEA is required to observe the highest standards of professional ethics and comply with regulations mandated by the Uniform Standards of Professional Appraisal Practice (USPAP). Only the skills of a CMEA professional make sound financial business sense to determine an accurate value. 2. What are the ethics of a CMEA? Answer: 3. What can you expect from a Certified Machinery and Equipment Appraisal Report? Answer: |
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