Iowa License Law
Under Iowa law, a real estate broker must keep transaction records for a minimum of:
A1 year
B5 years✓ Correct
C3 years
D7 years
Explanation
Iowa IREC rules require brokers to retain transaction records, including contracts, trust account records, and closing statements, for a minimum of 5 years. Records must be available for IREC inspection.
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State-Specific Concepts
Trust Account Rules
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