Becoming a BCB

THE BOARD CERTIFIED BROKER (BCB) and CERTIFIED BUSINESS INTERMEDIARY (CBI) IS CONSIDERED THE TOP CERTIFICATION PROGRAM IN THE PROFESSION

 



BOARD CERTIFIED BROKER (BCB)


What is a Board Certified Broker? The BCB is the professional designation bestowed by TABB on members who:
  • Earned their Certified Business Intermediary designation from the IBBA.
In order to hold the CBI designation, a CBI candidate must complete the following requirements.
  1. Membership in good standing with the TABB & IBBA.
  2. The following requirements must be fulfilled within the 3 years preceding submittal of the candidate’s BCB/CBI Application:
    • Attendance at least one IBBA conference (excludes IBBA chapter conferences).
    • Gain 68 credit hours of IBBA University and/or M&A Source courses of which 52 shall be required and 16 shall be elective and shall include a course examination passed with a score of at least 70%.
    • Provide evidence as lead seller broker on three (3) going concern business transactions (as stipulated on the Initial Transaction Submittal Form).
    • Pass the CBI Exam following the submittal of the CBI Exam Application, including payment of the application fee.
    • When all requirements are completed, only then should candidates submit the CBI Application to Headquarters.
Required credit 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.

Elective Credit Hours:
The remaining 16 credit hours are elective.

All members seeking the BCB/CBI designation are required to register with TABB as a BCB Candidate, so the association is aware at all times who is seeking BCB status. To register, members must complete a BCB application for candidacy. There is a $50 annual fee to become a BCB.
 
Once a candidate has completed all required and elective coursework and paid any applicable fees, s/he may take the BCB/CBI exam and must pass the comprehensive BCB/CBI examination with a minimum score of 70% on each section. The BCB/CBI exam ascertains competency in concepts deemed to be general business brokerage knowledge and not exclusively the content contained within the BCB/CBI required courses. Any candidate failing the comprehensive examination may study independently and retest. Exam retests may be taken by applying to Headquarters.
As a BCB & CBI, the knowledge you gain from the initial and continuing education requirements will benefit you throughout your broker career, and your reputation in regards to ethics, honesty, knowledge and integrity will set you apart from other brokers in the profession.

NOTE:
Candidates may not claim BCB or CBI status until all requirements have been met and his/her CBI Certification Application has been approved. Applicant for admission agrees his/her status as a candidate may not be included in any promotional materials, statement of qualifications, etc.
Of the required courses, some courses may be completed online, while others must be completed in person at a Summit or Conference. The IBBA Conference is offered once a year. The BCB/CBI exam will be taken at a proctoring location and will be scheduled upon receipt of the CBI Exam Application & BCB Application for Candidacy Form