Do Auctioneers have a "hidden agenda"? Maybe. They may foresee an auction and deliver a value that is inconsistent with fair market value.
99.9% of Auctioneers who are called upon to deliver an Appraisal Report do not deliver a USPAP compliant Appraisal Report. That means the ethics and reporting of values in a USPAP compliant format are not prevelant. Therefore, the appraisal value will not hold up to scrutiny with the IRS, CPAs, courts, lenders, attorneys and others!
Dealers
Do Dealers have a "hidden agenda"? Maybe. They may foresee the purchase or sale and deliver a value that is inconsistent with fair market value.
99.9% of Dealers who are called upon to deliver an Appraisal Report are not certified because they do not see the need. Their main focus is to sell and buy equipment not providing a USPAP compliant Report or certification. Their value will not hold up to scrutiny with the IRS, CPAs, courts, lenders, attorneys and others!
Is The Depreciation Schedule Accurate?
Clearly...No! The Schedule is only good for depreciating the equipment and DOES NOT provide the fair market value for a piece of equipment.
A "Certified" Machinery & Equipment Appraiser holds the professional credential of CMEA.
A CMEA upholds the ethics and guidelines of the Uniform Standards of Professional Appraisal Practice USPAP), promulgated and authorized by Congress as the Source of Appraisal Standards and Appraiser Qualifications.
A Certified Machinery & Equipment Appraiser has received formal comprehensive training and successfully passed a 100 question written test.
A CMEA Promotes The Code Of Ethics...
If your Appraiser Is Not Certified and does not uphold a Code Of Ethics, your best option is to find one that does!
We Demand Ethical Excellence From Machinery & Equipment Appraisers. Therefore, the Certified Machinery & Equipment Appraisers at Accord Equipment Appraisals comply with and uphold these 4 strict points...
Appraisal 101
Auctioneers
