Colorado License LawIntermediateColorado Exam
In Colorado, a broker must retain all transaction records for a minimum of:
AA. 1 year
BB. 4 yearsCorrect
CC. 7 years
DD. 10 years
Why B. 4 years Is Correct
Answer B: B. 4 years
Colorado Commission Rule E-1 requires brokers to maintain all transaction records, including contracts, correspondence, trust account records, and closing documents, for a minimum of 4 years. These records must be available for inspection by the Commission.
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