EAS machinery & equipment appraisals are performed by accredited professionals and adhere to industry standards and practices.
There are a lot of businesses and individuals who claim they are certified or accredited appraisers of machinery & equipment (M&E), including brokers, dealers, auctioneers, and appraisers who are only qualified in unrelated areas such as real estate and business valuation. These contacts are usually not properly credentialed and may have an alternate agenda when stating value opinions. They also do not typically follow the Uniform Standards of Professional Appraisal Practice (USPAP) when completing their reports.
The most widely recognized accreditation for machinery & equipment (M&E) valuation is the American Society of Appraisers (ASA). This organization puts their candidates through a rigorous level of education and testing and requires a minimum of five (5) years of experience before qualifying for their highest rank, referred to as an Accredited Senior ASA Appraiser, with a designation in Machinery & Technical Specialties (MTS).
Once accredited you are required to maintain your USPAP credentials every 2 years and 100 hours of continuing education every 5 years.
The ASA has 85 years of national and international recognition behind its reputation and is in the highest standing within all transactional business and litigation support markets. There are lesser-known associations that M&E appraisers can join and gain some level of credibility, including the Certified Machinery & Equipment Association (CMEA) and the Association of Machinery & Equipment Appraisers (AMEA).
The bottom line is if you want a fully independent, objective, accurate machinery & equipment appraisal that will hold up to the most stringent level of scrutiny, you need to hire a firm that employs Accredited Senior ASA Appraisers.
The professionals at Equipment Appraisal Services comply with all these requirements and have decades of experience to go along with their credentials.