Mississippi License Law
Under Mississippi license law, a broker is required to keep trust account records for how long after the transaction closes?
A1 year
B3 years (or as required by MREC rules)✓ Correct
C10 years
DForever
Explanation
Mississippi license law requires brokers to maintain transaction records, including trust account records, for a minimum period (generally 3 years under MREC rules, though brokers should verify current requirements). These records are subject to MREC audit and must be available for inspection.
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