Joe Lundvick, AEA of Perfection Machinery Sales Inc., has earned the Accredited Equipment Appraiser (AEA) designation by completing all of the necessary coursework, testing and market-based experience requirements as set forth by the Association of Machinery and Equipment Appraisers (AMEA). Those possessing AEA designation are recognized in the used machinery and equipment industry, as well as by banks and lending institutions, as the authority in providing professional, reliable and accurate appraisal reports on machinery and equipment.
"In order to earn the Accredited Equipment Appraiser designation, Lundvick had to possess a minimum of three years experience in buying, selling and/or appraising used machinery and equipment in the marketplace, pass the AMEA exam on technical and ethical issues and submit and pass a review of an unidentifiable appraisal that complies with the AMEA Standards and Procedures of Professional Appraisal Practice," said a spokesperson.
Retention of the AEA certification includes the completion of 70 hours of continuing education every five years, successful appraisal review every two years, complying with all Standards and Procedures of Professional Appraisal Practice and current testing by USPAP renewal policies.
"The AMEA was founded on the belief that direct involvement in the marketplace is the key to formulating accurate valuations. Therefore, AMEA accredited members are involved on a daily basis in the buying, selling and appraising of machinery and equipment," said John Greene, CEA, AMEA President. "Lundvick has been added to the rolls of Accredited Equipment Appraisers based on his market-based experience and knowledge, and his commitment to maintaining the highest standards in the appraisal industry."
For more information contact:
Perfection Machinery Sales, Inc.
2550 Arthur Avenue
Elk Grove Village, IL 60007
888-477-4377
847-427-3333
Fax: 847-427-8884
E-mail: sales@perfectionmachinery.com
Pamela J. Reid
Director, Member Services
Association of Machinery
and Equipment Appraisers
315 South Patrick Street
Alexandria, VA 22314
703-836-7900
800-537-8629
Fax: 703-836-9303
E-mail: pamela.reid@amea.org