Nevada License Law
Under NRS 645, a broker is required to maintain transaction records for a minimum of:
A1 year
B3 years
C5 years✓ Correct
D7 years
Explanation
Nevada's NRS 645 requires brokers to maintain all transaction records for at least 5 years. These records include contracts, correspondence, earnest money receipts, and trust account records.
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Key Terms to Know
Math Concepts
State-Specific Concepts
Trust Account Rules
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