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Lesson Learned To Acquire Lender Appraisal Clients

Early in my career as a machinery and equipment appraiser, after obtaining the required industry education and work experience to achieve the coveted Accredited Senior Appraiser (ASA) designation from the American Society of Appraisers, I eagerly began knocking on the doors of commercial banks and asset based lenders. Much to my surprise, I was continually asked the same question by the bankers and asset based lender’s management. “Are you also a machinery and equipment dealer and/or auctioneer?” When I replied “no – that could be considered a conflict of interest by my client”, they replied “not from our perspective”. In…

Selecting A Qualified Machinery & Equipment Appraiser

The only professional appraisal discipline that is required to be state licensed is real property (real estate) appraisers who appraise real property in federally regulated transactions as mandated by Assembly Bill 527. High Standards:  Be advised to properly evaluate the qualifications, accreditation(s) and certification(s) of appraisers you engage. Clients such as commercial banks, asset based lenders, litigation attorneys, corporate CPA’s, etc. that have needs for reliable and supportable machinery, equipment and inventory appraisals put their confidence in appraisers that have met training and experience requirements established by the two highly respected professional appraisal trade associations – American Society of Appraisers,…