Alabama License LawIntermediateAlabama Exam
In Alabama, a broker's trust account records must be maintained for a minimum of:
ASimply a flat 1 year, shorter than Alabama's actual license renewal, experience, or record-retention requirement in this context
B3 yearsCorrect
CSimply a flat 5 years, shorter than Alabama's actual statutory adverse possession period
D7 years
Why 3 years Is Correct
Answer B: 3 years
Alabama Real Estate Commission rules require brokers to maintain trust account records, including ledgers and bank statements, for a minimum of 3 years from the date of the transaction.
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