Question

Unless doing property management, brokers are required to keep sales records for:

a. one year.
b. two years.
c. three years.
d. five years.

Answer 1

Real estate brokers are required to maintain sales records for three years to ensure accountability and facilitate any necessary audits or reviews.

Step-by-step explanation:

Brokers in the real estate field are required to maintain records of their sales transactions. According to most regulatory standards, for purposes not related to property management, brokers must retain these sales records for a period of three years. This is an important regulation to ensure accountability and allow for any necessary audits or reviews of past transactions. Brokers must be diligent in adhering to this rule to prevent any legal issues and to maintain a clean record of their professional activities.