After weathering the economic downturn, lenders know better than anyone the importance of doing due diligence before granting a loan to a business. SBA backed lenders are once again lending money, but with caution. One of the ways they exercise this caution is to conduct their own appraisals of collateral. This ensures that they will […]
There isn’t much variation in appraisal rules from one state to another. Each individual market varies a little depending on demand for a piece of machinery or equipment, but each asset in a west coast state would be treated (and likely valued) just like a piece of equipment in an east coast state. But what […]
As we’ve stated on countless occasions within this blog, CMEAs are required to adhere to the Uniform Standards of Professional Appraisal Practice (USPAP). This ensures that any appraisal report you receive from a CMEA will be irrefutable, defensible, and withstand scrutiny. But just because NEBBI lives in a USPAP world, we acknowledge that there are […]
Let’s say you ordered an appraisal of your machinery and equipment. You hired a certified appraiser who put together a detailed report of the value of your items, along with supporting documentation and how they were able to derive the value. But what if you disagree with the appraiser’s opinion. Is it set in stone? […]
Though there are several programs in place designed to help military veterans rejoin the workforce — and others that encourage the hiring of ex-military members — one profession that hasn’t seen an influx of former service members is the machinery and equipment appraisal business. That’s starting to change, however, as equipment appraisal companies are seeing […]
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 […]
So let’s say you’re cleaning out your back store room and come across a few old manual typewriters. What’s a business owner to do? Put them out on the curb, right? Not so fast. The best thing to do is call a CMEA and figure out what they’re worth. According to an recent antiques and […]
There’s a long-held notion that when school lets out for summer vacation, the last person out slaps a padlock on the door and it remains empty and silent until classes resume in the fall. But summer is often the busiest time for schools, even if it doesn’t appear so to the outside world. Summer is […]
Different industries assign different meanings to the word depreciation. Accountants say that it’s the allocation of the cost of an asset across its useful life. Depreciation takes into account normal wear and tear over the asset’s life. Machinery and equipment appraisers, however, assign a different meaning to the term. To appraisers, depreciation is the estimated […]
There are many reasons why business owners hire licensed appraisers to handle their machinery and equipment appraisals. A certified appraisal, which only a licensed appraiser can perform, is not only USPAP-compliant, but it will stand up to scrutiny by peers, the IRS, and the courts. More important than any of that, however, is that a […]
NEBB Institute is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
The National Equipment & Business Builders (NEBB) Institute provides initial and monthly comprehensive education, on-going support, a dynamic international network, and certifies professionals in the art of machinery/equipment appraisal and brokerage.
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