{"id":12384,"date":"2011-05-12T02:39:50","date_gmt":"2011-05-12T06:39:50","guid":{"rendered":"https:\/\/www.certitrek.com\/nebb\/the-abcs-of-certified-appraisals\/"},"modified":"2022-12-29T03:17:39","modified_gmt":"2022-12-29T08:17:39","slug":"the-abcs-of-certified-appraisals","status":"publish","type":"post","link":"https:\/\/www.certitrek.com\/nebbinstitute\/blog\/the-abcs-of-certified-appraisals\/","title":{"rendered":"The ABCs of Certified Appraisals"},"content":{"rendered":"<div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start\" style=\"max-width:1144px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-1\"><p>Just as it\u2019s important for a child to learn his or her ABCs, it\u2019s important to know the ABCs of certified appraisals.<\/p>\n<p><strong>A<\/strong>ccuracy<\/p>\n<p>A certified appraiser will determine which valuation standard will be applied to deliver the most accurate appraisal for a client\u2019s unique situation. Standards include fair market value, liquidation value, scrap value, and so forth.<\/p>\n<p><strong>B<\/strong>est Practice<\/p>\n<p>Certified appraisers adhere to the standards set forth by <a href=\"..\/2010\/05\/20\/what-is-uspap\/\">The Uniform Standards of Professional Appraisal Practice<\/a> (USPAP), the standard for professional appraisal practice in the United States. USPAP compliance is required by professional appraisal associations, client groups, and by federal, state, and local agencies.<\/p>\n<p><strong>C<\/strong>ertification<\/p>\n<p>The best appraisers have earned the credentials necessary to professionally appraise businesses, equipment, and machinery, including <a href=\"..\/2010\/05\/12\/getting-a-cmea-designation\/\">Certified Machinery &amp; Equipment Appraiser<\/a> (CMEA), Certified Senior Business Analyst (CSBA), Certified Business Counselor (CBC), and Board Certified in Business Appraisal (BCBA).<\/p>\n<p><strong>D<\/strong>efensible<\/p>\n<p>Certified appraisers do not guess, or rely solely on book value or on the opinions of non-certified persons. Appraisals need to stand up to the scrutiny of the IRS, the courts, and other regulating agencies.<\/p>\n<p><strong>E<\/strong>thics<\/p>\n<p>A certified appraiser is held to the highest ethical standards, to protect the public from unsubstantiated or questionable machinery and equipment appraisals. <a href=\"http:\/\/www.nebbinstitute.com\/\">NEBB Institute<\/a> has its own <a href=\"..\/2010\/05\/26\/code-of-ethics\/\">code of ethics<\/a>, which are even stronger than the industry standards.<\/p>\n<p><em>The <a href=\"http:\/\/www.nebbinstitute.org\/\" target=\"_blank\" rel=\"noopener\">NEBB Institute<\/a> 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.<\/em><\/p>\n<p>By: <a href=\"http:\/\/www.nebbinstitute.org\/\" target=\"_blank\" rel=\"noopener\">NEBB Institute<\/a><\/p>\n<\/div><\/div><\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Just as it\u2019s important for a child to learn his or her ABCs, it\u2019s important to know the ABCs of certified appraisals. Accuracy A certified appraiser will determine which valuation standard will be applied to deliver the most accurate appraisal for a client\u2019s unique situation. Standards include fair market value, liquidation value, scrap value, and [&#8230;]<\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[134,135,40,41,44],"class_list":["post-12384","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-bcba","tag-cbc","tag-certified-appraisal","tag-cmea","tag-uspap"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v19.4 (Yoast SEO v19.13) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The ABCs of Certified Appraisals - NEBB Institute<\/title>\n<meta name=\"description\" content=\"It\u2019s important to know the ABCs of certified appraisals, Accuracy, Best Practice, Certification, Defensible, Ethics.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.certitrek.com\/nebbinstitute\/blog\/the-abcs-of-certified-appraisals\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The ABCs of Certified Appraisals\" \/>\n<meta property=\"og:description\" content=\"It\u2019s important to know the ABCs of certified appraisals, Accuracy, Best Practice, Certification, Defensible, Ethics.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.certitrek.com\/nebbinstitute\/blog\/the-abcs-of-certified-appraisals\/\" \/>\n<meta property=\"og:site_name\" content=\"NEBB\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/NextLevelPurchasing\/\" \/>\n<meta property=\"article:published_time\" content=\"2011-05-12T06:39:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-29T08:17:39+00:00\" \/>\n<meta name=\"author\" content=\"Galo Matagay\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@nextlevelpurch\" \/>\n<meta name=\"twitter:site\" content=\"@nextlevelpurch\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Galo Matagay\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.certitrek.com\/nebbinstitute\/blog\/the-abcs-of-certified-appraisals\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.certitrek.com\/nebbinstitute\/blog\/the-abcs-of-certified-appraisals\/\"},\"author\":{\"name\":\"Galo Matagay\",\"@id\":\"https:\/\/www.certitrek.com\/nebbinstitute\/#\/schema\/person\/72d094fab77892483dfa6e061cb27eaa\"},\"headline\":\"The ABCs of Certified Appraisals\",\"datePublished\":\"2011-05-12T06:39:50+00:00\",\"dateModified\":\"2022-12-29T08:17:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.certitrek.com\/nebbinstitute\/blog\/the-abcs-of-certified-appraisals\/\"},\"wordCount\":451,\"publisher\":{\"@id\":\"https:\/\/www.certitrek.com\/nebbinstitute\/#organization\"},\"keywords\":[\"BCBA\",\"CBC\",\"certified appraisal\",\"CMEA\",\"USPAP\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.certitrek.com\/nebbinstitute\/blog\/the-abcs-of-certified-appraisals\/\",\"url\":\"https:\/\/www.certitrek.com\/nebbinstitute\/blog\/the-abcs-of-certified-appraisals\/\",\"name\":\"The ABCs of Certified Appraisals - 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