|What you can expect from an M.E.I. appraisal:
M.E.I.’s description of the assets will be as precise as possible, listing the manufacturer, model number and serial number with accurate descriptions of size capacity, travels and accessories.
An appraiser's first responsibility is to his client. However, he also has a fiduciary responsibility to third parties. These third parties may or may not be known, but they have as much right to rely on the report as does the client.
Without precise accurate descriptions, it is difficult, if not impossible, for say a third party appraiser to review and confirm or dispute the accuracy of the report.
Appraisers are constantly asked by financial groups to review other appraiser's work. Without clear accurate descriptions of the assets, it's difficult to provide them with accurate opinions of the work.
Our cover letter will contain a clear definition of the value concepts used, fully explaining and describing what is meant by the particular value determined, and the method that was used in arriving at the values reported. A It will also contain a statement of the objective for which the report was performed, and if required, make recommendations for action that may be different from what was asked for.
All of the professional appraisal societies promulgate principles of appraisal practice and codes of ethics. The American Society of Appraisers, a leader among professional appraisal societies, publish a comprehensive set of specific codes of ethics developed to confirm with the Uniform Standards of Professional Appraisal Practice.
Our appraisal reports will comply with the societies guide lines.
M.E.I. Corporation's staff takes pride in providing accurate pertinent results in a timely fashion that conforms to the strict ethical standards of all nationally recognized appraisal associations.
525 River Street, Suite 201
Batavia, Illinois 60510