Westonci.ca is the best place to get answers to your questions, provided by a community of experienced and knowledgeable experts. Discover detailed answers to your questions from a wide network of experts on our comprehensive Q&A platform. Get precise and detailed answers to your questions from a knowledgeable community of experts on our Q&A platform.
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:
https://brainly.com/question/14094023
#SPJ4
Thanks for using our platform. We're always here to provide accurate and up-to-date answers to all your queries. We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. Westonci.ca is committed to providing accurate answers. Come back soon for more trustworthy information.
