What can associates do if their principal broker, Dan Sage, becomes incapacitated and dies?

When a principal broker becomes incapacitated or passes away, the law allows associates to continue completing transactions that are already under contract. This provision is crucial in ensuring that clients are not left without representation and that their real estate transactions can proceed without interruption.

In Indiana, the associates have a specific time frame—typically up to 90 days—to finalize these existing contracts. This period allows for the necessary arrangements to be made, whether that means the associates may transition their work to a new principal broker or find other means to handle the workflow. It’s important for associates to adhere to this timeframe to maintain compliance with real estate regulations.

This rule ensures continuity of service for clients and provides a professional means for associates to transition their existing workload in the unfortunate event of their principal broker's incapacity or death.