Maine License Law
A Maine real estate licensee is required to keep transaction records for a minimum of:
A1 year
B3 years✓ Correct
C5 years
D7 years
Explanation
Maine MREC rules require licensees to retain transaction records, including contracts, correspondence, and financial records, for a minimum of 3 years from the date of the transaction.
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State-Specific Concepts
License Law
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