The president of Business Transition Services, Inc., Linn Crader has lent his expertise to many merger and acquisition transactions. Linn Crader keeps up with industry trends with memberships in several professional organizations, including the International Business Brokers Association (IBBA), located in Atlanta.
The IBBA’s mission provides its members with education and networking options. The group also bestows several awards for leadership qualities and service to the organization.
Continuing-education courses prepare brokers for the certified business intermediary (CBI) certification. Earning the CBI requires much preparation. Requirements include IBBA membership, three years’ experience as a broker, and 68 course hours. Attendance at an IBBA conference is also mandatory. Brokers must also pass a comprehensive examination. All recipients must re-certify within three years, meeting similar criteria. Records of a transaction may substitute for some credit hours.
The IBBA has created two online courses to save time and travel expenses. One introductory course covers buyer qualification and negotiation skills. The other deals with regulations and ethics, and it is available for any business broker.