Depending on the nature of the business, there are several types of certifications available today. Common certifications include: minority business enterprise (MBE); women business enterprise (WBE); disadvantaged business enterprise (DBE); SBA 8(a); HUBzone; veteran-owned small business (VOSB); service disabled veteran-owned small business (SDVOSB); women-owned small business (WOSB); business enterprises-owned by people with disabilities (BEPD) and “small business.”
While each certification has different criteria, there are similar criteria for many. For instance, all companies must be at least 51-percent owned by a person or a group claiming the certification status.1 The 51-percent owner must have unfettered control of the company. For federal and DBE certifications, the company must be a “small business” as determined by the Small Business Administration (SBA). A federal SDVOSB requires the business be “small,” at least 51 percent owned and operated by one or more service-disabled veterans whose management and daily business operations are controlled by service-disabled veterans, and the disability be service connected. While a HUBzoned firm must also be “small,” the criteria includes the location of the business and home addresses of the firm’s employees. State corporate laws and licensing laws are also criteria used to review applications for certification. There are special criteria that must be met depending on the certification type. For instance, while a 51- percent owner must have a personal net worth under $750,000 for DBE certification, the SBA 8(a) certification requires that the 51-percent owner have a personal net worth under $250,000.
Federal, state and local government agencies also have different gross business receipts criteria for determining small business certification eligibility.More information for your convenience:
For more information on diversity designations and certifications, visit the following websites:
NOTES: Links to third-party sites are provided for your convenience. Such sites are not within our control and may not follow the same privacy, security, or accessibility standards as ours. Therefore, NRBA is not responsible for the security, content or availability of third-party sites, their partners, or advertisers.
Maureen and her team deliver quality results for REO clients! We are skilled at handling all aspects of REO disposition and preservation.
Maureen will be your sole Point of Contact (POC) as the REO Project Manager. With 15+ years of experience as an REO Broker and well trained and educated by The National REO Brokers Association (NRBA), she is always with her team in-the-trenches to get the job done and deliver tasks on time for her Asset Managers.
Through the implementation of technology, social media marketing, and video, plus 3-D imagery and scanning tools like CAVASS w/ LIDAR 3-D Scanner we can ACCESS even the INACCESSIBLEREO properties. (task completion target 95 to 99%)
From pre-marketing, providing a high cash for keys success rate, and a reliable team of Contractors and vendors, we are well prepared to ensure that our clients, primarily our Asset Managers, receive bids quickly.
Our in-house task management software allows us to stay on top of our tasks to deliver the best results.. That’s our company GUARANTEE to you!
Property Inspections, BPO, Cash For Keys (CFK), Property Preservation, Trash Out, Cleaning Services, 3D imagery of interior, Pre-Marketing, Inspectional Services contact to avoid property liens, weekly inspections, Regular check-ins on task completion checklist in Client Portal. Manage the Sale, Disposition, and Beyond The Closing services to provide a video of happy owner-occupied home-buyers.
WE COVER MASSACHUSETTS
CRM, Task-Management System, Social Media Marketing, Video marketing, Youtube, 3D Imagery & Scanning, 3D Virtual REO tours, Drown technology enabled.