54.1-2109 - Death or disability of a broker. - Virginia Statutes

§ 54.1-2109. Death or disability of a broker.

Upon the death or disability of a licensed real estate broker who was engagedin a proprietorship or who was the only licensed broker in a corporation orpartnership, the estate, an adult family member, or an employee of thelicensee may be granted approval by the Real Estate Board to carry on thebusiness of the deceased or disabled broker for 180 days following the deathor disability of the broker solely for the purpose of concluding the businessof the deceased or disabled broker. In the event no such person is availableor suitable, the Board may appoint any other suitable person to terminate thebusiness within 180 days.

(1984, c. 283, § 54-731.3; 1988, c. 765.)