New Mexico License Law
Under NMREC rules, a New Mexico licensee must keep transaction records for a minimum of:
A1 year
B3 years✓ Correct
C5 years
D7 years
Explanation
NMREC requires licensees to maintain all transaction records, contracts, correspondence, and trust account records for a minimum of three years from the date of the transaction.
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State-Specific Concepts
Trust Account Rules
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