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An actuary is a professional with advanced mathematical skills who deals with the measurement and management of risk and uncertainty. [1] These risks can affect both sides of the balance sheet and require asset management , liability management, and valuation skills. [ 2 ]
The federal United States does not commission notaries public. Notarial responsibility varies from state to state, with California notaries required to use a seal that contains the Great Seal of California while notaries from some other states are not required to have a seal at all.
Many other life insurance companies and pension funds were created over the following 200 years. Equitable Life was the first to use the word "actuary" for its chief executive officer in 1762. [22] Previously, "actuary" meant an official who recorded the decisions, or "acts", of ecclesiastical courts. [19]
Net Effective Rent, sometimes Net Effective Rate, or NER for short, is a measure of the expected income from a tenant, seen mostly in commercial real estate. It is the net present value of all the rental payments over the period of the lease, as well as any abatements or incentives that might add to or lower these payments. An example of a ...
Certified Property Manager (CPM) is a real estate professional designation awarded by the Institute of Real Estate Management (IREM) [1] and recognized by the National Association of Realtors (NAR). The Institute offers a comprehensive program developed exclusively for property and asset managers working with different size portfolios of all ...
Ken H. Johnson, a real estate economist at Florida Atlantic University and a former real estate broker, says the new rules just add another layer of complexity to an already-confusing process.
This makes sense only if the portfolio is homogeneous, which means that all risks cells have identical mean claims. However, if the portfolio is heterogeneous, it is not a good idea to charge a premium in this way (overcharging "good" people and undercharging "bad" risk people) since the "good" risks will take their business elsewhere, leaving ...
Late last year, a jury in a Kansas City federal court found the longstanding practice to be a form of collusion that artificially inflated real estate fees, awarding a massive $1.78 billion ...