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Fall 2008 Call for Presentations
The IBBA – M&A Source Fall 2008 Joint Conference for Professional Development is being held November 16-22, in Louisville, Kentucky. This highly-regarded event provides best practices and user-driven training to the greater Business Brokerage community and we want you to be a part of it!

Presenting an IBBA workshop on November 21 or November 22, during the Fall 2008 Joint Conference, is the perfect opportunity for you to solidify your reputation as an industry expert! As a speaker, you will share your knowledge, experiences, challenges and fresh approaches with close to 100 attendees. You will enjoy the recognition that comes with being a presenter, enrich your own knowledge through teaching others and be recognized as the “go-to” person in the Business Brokerage community.

The IBBA welcomes new and seasoned presenters alike. To be considered, you must submit your complete abstract for a 60-minute or 90-minute workshop via the online form below before Friday, May 16, 2008. If chosen, you will receive a complimentary registration to the entire IBBA – M&A Source Fall 2008 Joint Conference for Professional Development, November 16-22, 2008. We hope you consider becoming an IBBA workshop presenter and taking advantage of this unique opportunity.

After submitting your workshop abstract you will receive an email confirming its receipt.  If you have any questions, please contact education@ibba.org or call (312) 673-4925.

        

   

Become a Certified Business Intermediary

 
Becoming a Certified Business Intermediary (CBI) is the best thing you can do for your business broker career. This certification is highly looked upon in the broker community and by business professionals worldwide. Don't miss out on your opportunity to take advantage of the IBBA and the CBI to increase your business.

Requirements
Resignation/Revocation
Forfeiture
Invalidation of Credits
Reinstatement of CBI Designation
Reinstatement of Candidacy
Identification
Recertification Requirements


1. Requirements

A. Membership in good standing with the Association throughout the entire candidacy process is mandatory to enter candidacy and receive the CBI designation.

 
 • Join the IBBA

B. The applicant must remit the CBI Application and Fee to Headquarters. After the application is accepted by the IBBA the applicant will have 5 years to complete all requirements for the CBI designation. To receive a copy of the IBBA Certified Business Intermediary brochure, please contact IBBA Headquarters at 888/686-IBBA (4222)
 
 •  Download the CBI Designation Form.
    To download the CBI Designation Form you need Adobe Acrobat.
      Download Adobe Acrobat Reader

 
 •  Apply Online

C. A minimum of three year's full-time business brokerage experience within the prior ten years. A college degree or related work experience may be submitted with the request that it be accepted as an equivalent for up to two of the three years of business brokerage experience.

D. Each CBI candidate must pledge to uphold the Association's high Code of Ethics.

E. A candidate must successfully complete a total of 60 credit hours of Association courses, including passing each course examination with a score of at least 75%. 16 of the 60 hours of Education must be completed at an IBBA Conference. An IBBA Affiliate conference/meeting does not qualify as an IBBA conference.

  1. There are 40 required credits - Course 101 for 8 hours, Course 210 for 16 hours, Course 220 for 8 hours and Course 221 for 8 hours. These courses are mandatory as their subject matter involves activities in which every business broker, regardless of geographic location or business type specialization, is engaged: ethics, financial analysis, pricing/valuation, and legal and tax implications.

  2. The remaining 20 hours are elective. The candidate may select any of the remaining courses to complete the requirements.
F. CBI Applicants must attend at least one IBBA Conference for Professional Development, currently the Friday/Saturday program, before they can receive the CBI designation.

G. Once all requirements are met, the candidate must apply to headquarters to take the comprehensive CBI examination. A minimum score of 75% must be obtained on the exam. Any candidate failing an Association course exam or the comprehensive examination may study independently and retest. Exam re-tests may be taken by applying to headquarters. Exams will only be offered at scheduled times.

H. Applicant for admission agrees his/her status as a candidate may not be included in any promotional materials, statement of qualifications, etc.

Rules Governing Termination and Reinstatement of Candidacy or CBI Resignation



2. Resignation/Revocation

A. The candidacy or CBI designation of any member may be terminated by his/her resignation in writing to the Association's headquarters or by revocation by the Association's Board of Directors following a recommendation of revocation by the Committee upon the occurrence of one or more of the following events:
  1. Failure to pay any amounts due the Association.
     
  2. Failure to complete the requirements for the designation within five (5) years of application for admission to the CBI program or the re-certification of the designation in the three (3) year re-certification period.
     
  3. Violation of the Association's bylaws and/or rules and regulations, or Code of Ethics.
     
  4. Loss of good standing membership in the Association.
     
  5. Misrepresentation, either intentional or otherwise, of experience or other qualifications.
     
  6. The rendering of a guilty verdict by a trier of fact of proper jurisdiction (court or arbitration) for charges which, in the opinion of the Association's Board of Directors, reasonably establish the CBI's noncompliance with those standards required by the International Business Brokers Association.


3. Forfeiture

A. Any CBI whose designation is terminated shall immediately return his CBI certificate and any other similar items (pins, plaques, etc.). In addition, his store of stationery and other renderings mentioning the CBI designation must be immediately destroyed. And, lastly, it is specifically understood that the member or former member may not verbally or in print make reference to "former CBI," "past CBI," or the like.



4. Invalidation of Credits

A. Termination for any reason shall automatically invalidate all credits toward the designation or recertification that have previously or provisionally been awarded by the CBI designation committee.



5. Reinstatement of CBI Designation

A. Any member whose designation has been terminated by resignation or for any reason other than one of a disciplinary character may be reinstated in good standing by a majority vote of the committee, provided:
  1. The applicant remits a letter and Application to the Committee.
     
    a) If the applicant was in arrears on the date the membership was terminated a deposit covering all annual dues or other indebtedness to the Association must be included.
     
  2. The applicant for reinstatement has been approved by the committee. A reinstatement fee may be recommended by the Committee.
     
  3. The applicant for reinstatement has met all continuing education and re-certification requirements under which he would have been affected if it had not been for the period of termination.
     
    a) If the period of termination exceeds 24 months, the applicant is ineligible for reinstatement and must again apply as an original candidate for certification.
     
    b) If the application is made within the 24-month period, and is granted by the committee, the applicant may continue to use the CBI designation.
     
B. If reinstated by the committee the CBI's next re-certification date shall be at the end of the 3rd year from the date the committee made such reinstatement decision.



6. Reinstatement of Candidacy

A. In the event a member whose candidacy has been terminated applies for reinstatement, his/her credits invalidated by prior termination of candidacy shall not automatically be restored by reinstatement of candidate status but shall be reviewed by the Committee with power to restore or decline all or part of such credits.



7. Identification

A. Individuals awarded the CBI designation shall receive a CBI plaque from the IBBA. The member may also include the designation by the initials "CBI" or the words "Certified Business Intermediary" on his business cards, seals, brochures, letterhead, and other promotional materials.



8. Recertification Requirements

A. Each CBI shall be required to participate in continuing professional development activities as are appropriate to the nature of our profession. Such activities and the extent to which they are required will be established by the Committee.
 
B. Effective January 1, 1996, each CBI must complete the re-certification requirements by December 31st following the third (3rd) anniversary of the award, and each three (3) years thereafter.
  1. Attend at least two Association conferences.
     
  2. Satisfactorily complete a minimum of one Association-approved education course.
     
  3. Earn at least 45 additional credits: the following activities, which enhance professional competence and Association goals, will award the following credits:
     
    a) Additional Educational Experiences:

      1) Speaker at an IBBA conference [5 credits]
       
      2) Attendance at each additional IBBA conference (after requirements are met) [10 credits]
       
      3) Additional IBBA courses successfully completed or taught course credits

    b) Additional Association Activities:

      1) IBBA Committee participation (credits per year) [5 credits]
       
      2) Officer or director of local IBBA affiliate [5 credits]
       
      3) Officer or director, IBBA, editor-IBBA News (credits per year) [10 credits]
       
      4) Contributor to IBBA News (per publication) [5 credits]
       
      5) Submit to headquarters a published article that mentions the IBBA [5 credits]

C. Professional activities including, but not limited to, public speaking, teaching, publication (other than in the Association journal) other professional designations or degrees, and other coursework are recognized by IBBA as evidence of professional commitment and standing in the business community. These efforts are expected of the CBI as part of his or her professional practice.

D. All CBIs should understand that notifying headquarters of activities for CEU credit lies solely with them. Appropriate proof of completion of each activity must be submitted to the Association's headquarters to earn credit.
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