Summary: On this episode of Caveat REALTOR®, Virginia REALTORS®’s legal team discusses business continuity issues. Cate and Laura discuss the policies brokers should have in place in the event a broker or salesperson dies, and additional actions that real estate licensees can also take. They answer some legal hotline questions, such as “When an agent dies and there is a pending contract for a sale of a house, does it affect the contract?” Finally, Cate and Laura review some ways to limit your risk and ensure the survival of your business.
