The recent international financial turmoil has caused a greater scrutiny on valuation professionals worldwide. Today, more than ever, clients require the proper credentials to be recognized as credible valuation professionals. The CMEA designation provides appraiser / valuer client’s the confidence that your services will withstand the greatest scrutiny. CMEA’s are hired to perform Certified Machinery & Equipment Appraisals by Bankers, Lenders, Attorneys and Accountants around the world.
Attaining a designation in any profession presents a level of excellence, higher education and ethics to that professional’s peers and their clients. By obtaining a CMEA designation, valuation professionals for machinery & equipment meet and exceed the experience and training requirements of many governing authorities.
Certified Appraiser vs. Non-Certified Appraiser
Auctioneers and machinery and equipment dealers may have a hidden agenda. 99.9% of these individuals are not Certified or trained in providing USPAP compliant appraisal reports. If the appraisal report you obtain is not USPAP compliant it is not a “qualified” appraisal prepared by a “qualified” appraiser pursuant to the Council of Foundations, IRS, or other governing authorities around the world.
A Certified Machinery and Equipment Appraiser (CMEA) who is a member of NEBB International, meets and exceeds the experience and training requirements of many governing authorities. Beware if the individual who does not have a certification. You will only be opening yourself up to increased costs, liability, risk, and an unsubstantiated equipment appraisal.
What is USPAP?
The Uniform Standards of Professional Appraisal Practice (USPAP) are considered one of the most widely accepted standards for professional valuation practice in the world. USPAP contains standards for all types of appraisal services. Standards are included for real estate, personal property, business and mass appraisal.