Alaska License LawIntermediateAlaska Exam
Alaska law requires licensees to keep transaction records for a minimum of:
ASimply a flat 1 year, shorter than Alaska's actual license renewal, experience, or record-retention requirement in this context
B3 yearsCorrect
CSimply a flat 5 years, shorter than Alaska's actual statutory adverse possession period
D7 years
Why 3 years Is Correct
Answer B: 3 years
Alaska regulations require real estate brokers to maintain transaction records (contracts, closing statements, correspondence) for at least three years from the date of the transaction.
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