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To minimize disruptions in brokerage operations stemming from an unexpected event a broker should_________.

Sagot :

To minimize disruptions in brokerage operations stemming from an unexpected event a broker should have a succession plan in place before the unexpected  event occurs.

For succession plan a broker can consider the following points:

Check the governing documents of the entity to see who has authority to appoint a new designated broker.

If it is  seen the same person as the designated broker, an attorney should be contacted to amend the governing documents  so that another person could be added to the ownership and governance of the entity.

If it requires the  unanimous consent of all of the directors, members, or partners, and the designated broker is  member of one of those parties,  attorney is contacted  to amend the governing documents to allow the remaining directors, members, or partners to appoint a new designated broker.

To know more about the broker here:

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