Florida License Law
A Florida broker must keep all trust/escrow funds in a segregated account. How long must records of these transactions be maintained?
A1 year
B2 years
C5 years✓ Correct
D7 years
Explanation
Florida law requires brokers to maintain all real estate transaction records, including escrow account records, for a minimum of 5 years from the date of the transaction or from the date of any litigation, whichever is later.
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