Maine License Law
Maine law requires real estate brokerages to keep transaction records (contracts, offers, agency disclosures) for a minimum of:
A1 year
B2 years
C3 years✓ Correct
D5 years
Explanation
Maine real estate brokerages are required to retain transaction records, including contracts, offers, agency disclosures, and trust account records, for a minimum of 3 years.
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Key Terms to Know
State-Specific Concepts
Trust Account Rules
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