Certified Appraisals and Valuations
In the past companies turned to brokers, dealers, and auctioneers for valuations. However a company that solely performs the buying and selling of equipment, businesses, and inventory may have a hidden agenda. A large percentage of these individuals are not certified or trained in providing USPAP-compliant appraisal reports. If you need a “Certified Appraisal” and the report you obtain is not USPAP compliant, it is not a “qualified” appraisal prepared by a “qualified” appraiser pursuant to the Council of Foundation, the IRS, and others. Beware of the individual who does not have certification; you will only be opening yourself up to increased costs, liability, and risk.