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Ron is a seller's broker. He has secured an offer to purchase and the principal is getting ready to sign the contract. The seller is in a car accident and dies. What should Ron do?

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Final answer:

If the seller dies before signing the contract, Ron should inform the principal's legal representative or executor of the seller's estate. They will handle the necessary paperwork and procedures for selling the property.

Step-by-step explanation:

If the seller dies before signing the contract, the offer to purchase becomes invalid. In this case, Ron should inform the principal's legal representative or executor of the seller's estate about the situation. They will need to handle any necessary paperwork and legal procedures related to the seller's estate and the property being sold.

It is crucial for Ron to maintain clear communication with the deceased seller's legal representative or executor throughout the process. They will guide him on how to proceed and what steps need to be taken in terms of selling the property.

Overall, Ron's responsibility is to act in accordance with the legal requirements and ensure appropriate measures are taken in the absence of the seller.

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