Town receives ‘Lifetime CBI’ designation

Town receives ‘Lifetime CBI’ designation

James Town, left, recently received the International Business Broker Association’s Lifetime Certified Business Intermediary (Lifetime CBI) designation.

Published: Monday, January 6, 2014 at 03:27 PM.

ATLANTA — James A. Town, a business intermediary with Business Evaluation & Appraisal, Inc., of Chipley has received the International Business Broker Association’s Lifetime Certified Business Intermediary (Lifetime CBI) designation. 

Town is one of very few brokers in Florida to hold the CBI designation.  “I am honored to be one of a small number of business intermediaries who hold this certification,” said Town.  “It assures my clients that they are dealing with a professional who is knowledgeable about business sales and has their best interests in mind.”

Business Evaluation & Appraisal, Inc., was formed in 2002 in Florida by Town to be operated in conjunction with his practice in Atlanta through Prime Business Investments, Inc., where he had been a business intermediary since 1992.  

The focus for BEA has been more on valuation work and the firm has performed hundreds of business evaluations, Town has been involved as an intermediary in over 500 transactions.  Additionally, the firm conducts commercial real estate brokerage and development activities through a wholly-owned subsidiary, Commercial Property Investments in Florida and Georgia.  Town has been a member of IBBA since 1997 and a CBI since June 5, 1998. 

Previously he was awarded the “Fellow of the IBBA” designation in 2007 recognizing significant service to IBBA in a variety of positions.

To earn the designation, Town had to meet the following requirements in:

Knowledge — A Lifetime CBI must demonstrate an ongoing commitment to professional development through continuing education and recertification over the course of 10 years or more.
Experience — A Lifetime CBI must demonstrate competence in the application of knowledge gained through practical experience with a combined minimum of 15 years’ experience and membership in the IBBA.  A Lifetime CBI must have also reached the distinguished age of 70.
Ethics — A Lifetime CBI thoroughly understands the IBBA’s Code of Ethics and applies this code to his or her business practices.

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