Months into the coronavirus (COVID-19) crisis, the adverse impact on U.S. businesses and the global economy remains uncertain. Every market sector has been impacted by the pandemic amidst measures being taken to curb its spread. The real estate industry is no exception. Shelter-at-home orders, issued by federal and local governments, have caused cascading effects that interrupt normal business operations. Purchasers and sellers with active real estate transactions are questioning who shoulders the burden of these tumultuous times.
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