https://completemarkets.com/Article/article-post/2469/The-Sweet-Little-Old-Lady/
...emost pre-war art appraiser. The appraisal was written on sheets of 11 1/2- by...who died in 1943 to sign a fine-art appraisal in 1991.
The lawyer did not fil...
https://completemarkets.com/Article/article-post/2425/Gem-Scam-Recycled-An-Old-Fraud-Returns/
...ewelry industry. The $12 million appraisal was done by a member of the respect...this happen? Because it can. Proper appraisals by qualified, reputable apprais...
https://completemarkets.com/Article/article-post/176/Valuing-Your-Company-Stock-When-Owned-By-An-ESOP/
...6 requires an annual independent appraisal for employer stock held by an ESOP....ees failed to determine whether the appraisal report still had validity at the...
https://completemarkets.com/Article/article-post/1453/TRACKING-STAFF-PERFORMANCE/
...ies and the agency's performance appraisal system, several aspects should be c...rea. When conducting a performance appraisal, make two copies of the form. Ha...
https://completemarkets.com/Article/article-post/2012/AGENCY-VALUATION-WHAT-YOU-NEED-TO-KNOW/
...erence between price and value, appraisal and valuation, and what makes valua... is usually just as accurate as an appraisal — but not always. This is ...
https://completemarkets.com/Article/article-post/1001/A-NEW-LOOK-AT-INSURANCE-AGENCY-VALUATION/
...omplete, professionally prepared appraisal won’t always provide the answ...pon the sale of the agency. 2. The Appraisal Foundation’s definition of...
https://completemarkets.com/Article/article-post/2178/How-To-Get-Extraordinary-Performance-From-Ordinary-People/
... counseling
Performance appraisal interviewing
Having litigate...ther words, most of the performance-appraisal discussion should focus on the r...
https://completemarkets.com/Article/article-post/2404/Make-A-Smarter-Deal-Base-Agency-Value-On-Profitability-Not-A-Multiple-Of-Commissions/
... x No Thanks Loading.. Make A Smarter Deal: Base Agency Value On Profitability, Not A Multiple Of Commissions!5/29/2013 by CompleteMarkets Editor , Roger Thomas This content has not been rated yet. What multiple does an agency sell for these days? 1.25 times commission? 1.5 times commissions? As a broker and as an appraiser of insurance agencies, Roger Thomas is often asked these questions. He answers them in this document. Having dealt with hundreds of agency sales and acquisitions, it's become very clear that many sellers and buyers expect to price an agency using a multiple of commissions. Although this method has been commonplace for decades, using a multiple of commissions to purchase or sell an agency can lead to gross overpayment. Why? It fails to consider the profitability of the agency. Unless every agency has the same expense structure — and we know that expenses vary widely from agency to agency — how can a multiple of commissions be accurate? This is a simplistic approach that can be very costly for an agency purchaser. To which commissions should a multiple apply? Just Property/Casualty? Would Life and Health use a different multiple? Should you apply the multiple to gross commissions or to net commissions (after paying producers)? What should you do about commissions relating to the vested ownership interest that some producers have in their books of business? Can you sell commissions that are brokered for another agency and that you don't own? And just what is the correct multiple, anyway? Will it correspond to the agency's expenses? If so, how will ...
https://completemarkets.com/Article/article-post/2025/HOW-TO-BUY-SELL-MERGE-OR-PERPETUATE-PART-VI/
... Gary Jacobson Editor's note: This article is one of a series that covers buy/sell arrangements for agency valuation and tax issues, shareholder internal buy/sell agreements, related estate planning, employment contracts and non-competes. It's part of a unique pre-publication book by the authors that gives you practical street-level understanding of one of the most significant financial events in the life of your agency. CHAPTER 3: SPECIAL FACTORS WHEN VALUING AN AGENCY Although we discussed agency value in general terms in earlier chapters, this is a huge topic with many special factors that affect agency value in ways that don't impact most closely held businesses. This chapter focuses strictly on special factors that can affect agency value, many of which are unique to insurance agencies. Agency owners should be aware that even the best CPA or business appraiser is unlikely to be aware of these factors unless you, the agency owner, make a point of explaining them. It's Not That Simple! We all know that although the value of a house is ultimately based on what the buyer and seller agree upon, we also know that a reasonable starting place is often the price for which similar homes in the neighborhood have recently sold. We also know a realtor can greatly simplify the process. This might seem difficult to some, especially those who have never bought or sold a house before, but it's child's play compared to valuing an agency. Many buyers and/or sellers are in the same position as a person who has is buying a house for the first time, but without the help of a realtor. Valuing an agency is ...
https://completemarkets.com/company/CompleteMarkets/Articles/content-package/IMMS-Library/TabCategory/article-post/1001/A-NEW-LOOK-AT-INSURANCE-AGENCY-VALUATION/
... sure you want to deactivate your CompleteMarkets Company Profile Deactivate Cancel Loading.. About Us Services Jobs PR Newsletters Employees Articles Blog Photos Group Connections Reviews IMMS Library Immerse yourself in our stacks. Take some time and browse through our library. We have thousands of articles, checklists, tip sheets, sales letters, and more! Communications Marketing Customer Service Planning Finance/Accounting Risk Management Human Resources Selling Legal and E&O Technology Life/Financial Services Glossaries Management Resources & Links Categories Popular Recent All Back A New Look At Insurance Agency Valuation 4/30/2013 10:36:15 PM by CompleteMarkets Editor , Carol Hammes This content has not been rated yet. A NEW LOOK AT INSURANCE AGENCY VALUATION by Carol Hammes It's becoming increasingly important for agents to recognize that having a complete, professionally prepared appraisal won't always provide the answers they need. If you're planning on selling your agency, either internally or externally, there might be a better way to use a consultant's expertise. Carol Hammes takes a look into contemporary agency valuation and provides an article on the subject by IMMS Consultant Chris Burand. &# 160 For example, it might be more advantageous to have outside assistance in running cash flows and helping you decide how to structure the transaction to minimize the tax consequences. Or you might need only a short opinion letter rather than a 40-page evaluation of the agency and its value. Knowing why you need assistance and being able to communicate this to the consultants or accountants will help both them and you decide the best approach. In any transfer of ownership it's important to recognize that expenses and ...