A couple of recent brokerage issues highlighted at a local brokerage roundtable:
Prudent brokerage risk management can include creating a written executable plan for the future involving a BIC death or problematic incapacity (e.g., health, incommunicado, incarceration, missing in action, other) and the voluntary or involuntary separation of a BIC’s associate (e.g., compensation changes, pendings, listings, leads, clients, customers, files, debts, equipment, intellectual property, other).
This information is only accurate as of 4/11/25. You must contact SCR for updates and changes to this information after 4/11/25 as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org or email byron at screaltors.org)
This information is not legal advice. This information is intended only to provide general information and may not be relied upon as specific legal guidance. Legal counsel should always be consulted before acting in reliance on this information.