Property Management
A property manager is responsible for a 50-unit apartment building. California law requires the manager to keep copies of all property management records for a minimum of:
A1 year
B2 years
C3 years✓ Correct
D5 years
Explanation
California Business and Professions Code Section 10148 requires real estate licensees to retain copies of all documents and records related to real estate transactions, including property management records, for a minimum of three years. The DRE may audit these records during that period.
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