Code of Ethics
Services/Education
Board Certified Broker
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TABB Leadership
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he professional designation of Board Certified Broker (BCB) as provided for within the Rules and Regulations of the Texas Association of Business Brokers and shall be awarded following the successful completion of certain education, experience, and other such requirements as set forth in TABB regulations.
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- To ensure members pursuing the designation of BCB have:
- Achieved a superior level of knowledge through the successful completion of certain prescribed courses
- Proved their competence in the application of that knowledge through documented practical experience
- Proved a thorough knowledge of, and pledged fidelity to, the Association's Code of Ethics
Required Experience & Education-
- Completed 60 hours of TABB courses of which 47 hours are required courses;
- Completed 3 years of day-to-day brokerage experience; A four year college degree will
substitute for 2 years experience;
- To encourage BCBs to continue their professional education, contribute to the body of knowledge of
the profession, and further the causes of the profession.
- To ensure BCBs maintain, throughout their professional careers, the level of competence requisite to
the designation.
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n today's business environment, both Buyers and Sellers are in need of a professional that can guide them through the difficult task of acquiring or selling a business. For Example, most Sellers do not have an "Exit Strategy" to place their business in the hands of a qualified Buyer or family individual. The BCB, with his/her experience, can help the Seller focus on how to get their business ready for sale.
ost business owners treat their business as an extension of their personal life. The Seller's personal treatment of a business is not normally recognized by a potential Buyer. The Buyer looks for how the business stands on its own and what he/she can bring to it as a "Value Add". The BCB, through his/her extensive education and continuing profession requirements, is prepared to recognize the personal treatment of the Seller and knows how to ready the business and present it so that the Buyer can understand all aspects of the entity. A qualified BCB will assist the Buyer in recognizing the businesses' value and help the Buyer formulate a business plan to take the business to the next level under new ownership.
he BCB, with recognized experience and knowledge, will prepare a professional marketing package utilizing his/her knowledge of the industry, techniques in evaluation to provide a "fair market value" value of the business, select target markets and eventually validate the qualifications of a Buyer.
s a TABB MEMBER, having the knowledge gained through obtaining the initial educational qualifications and continuing education, will insure that you, as a BCB, that you will benefit not only monetarily, but professionally from your association with TABB. Your reputation in regards to ethics, honesty, knowledge and integrity, not to mention the "satisfaction" of clients and the resultant referrals, will set you apart from the "average" broker. If you are a TABB member and have not considered qualifying as a Board Certified Broker, we encourage you to do so.
f every TABB member would resolve to obtain this certification, our association would be the strongest in the nation and recognized the world over as true "professionals". Contact the TABB Administrator today for information on how YOU can become a Board Certified Broker and take your profession to the next level!
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ach BCB 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, have been established by the Texas Association Of Business Brokers.
pon awarding of the designation, a BCB shall endeavor to continue his/her professional standing through a program designed to provide continuing professional education (CPE) and staying abreast of trends and activities influencing our industry, plus being active in the local or State organization. It is hoped that BCB designees will be highly visible and active in all facets of our industry and be role models for others in the industry.
lick the links below for more information regarding the requirements for achieving the Board Certified Broker (BCB) designation, and The Educational Courses offered by TABB and IBBA.
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