{"id":12385,"date":"2011-05-05T02:07:20","date_gmt":"2011-05-05T06:07:20","guid":{"rendered":"https:\/\/www.certitrek.com\/nebb\/are-you-an-auctioneer-are-you-a-cmea-you-should-be\/"},"modified":"2022-12-29T03:18:56","modified_gmt":"2022-12-29T08:18:56","slug":"are-you-an-auctioneer-are-you-a-cmea-you-should-be","status":"publish","type":"post","link":"https:\/\/www.certitrek.com\/nebbinstitute\/blog\/are-you-an-auctioneer-are-you-a-cmea-you-should-be\/","title":{"rendered":"Are You an Auctioneer? Are You a CMEA? You Should Be!"},"content":{"rendered":"
We\u2019ve talked in the past about auctions<\/a> and the different types of value certified appraisers assign to machinery or equipment up for auction. As businesses close or auction off items to free up cash<\/a>, auctioneers are in high demand. And the traditional way of conducting auctions is not the only way they\u2019re done anymore. Auctions can now be conducted online to widen the pool of bidders to include people from all over the country. It\u2019s a quickly growing business.<\/p>\n Often, experienced auctioneers will use their prior experience to estimate of the value of a piece of machinery or equipment up for auction, but these estimates aren\u2019t USPAP compliant. Lenders and courts require USPAP-compliant appraisals from auctioneers and if auctioneers are simply making estimates, their liability increases. As a result of the requirement for USPAP compliancy, many auctioneers are losing business because they aren\u2019t certified appraisers. So if you\u2019re an auctioneer, limit your liability and increase your profits by becoming a certified machinery and equipment appraiser<\/a> (CMEA).<\/p>\n