The coronavirus pandemic — and the current onslaught of viruses — has had a definite impact on the housing market and on the way consumers view real estate transactions. To keep pace with health and safety recommendations, many real estate teams moved from real-time to virtual viewings and closings. This shift made the buying and selling of homes more efficient for all parties, so many of these processes are here to stay.
Like other industries, the practice of engineering has increased in complexity over the years, in part due to wide-ranging compliance issues arising from entanglement among the areas of liability, technology, and regulation. Advances in technology have made it possible for once local engineering firms to broaden their service areas to include surrounding states or even nationwide coverage. Of course, with this expanded reach comes an increase in regulatory requirements, making document retention an essential part of proper compliance — and protection in the event of legal difficulties.