Fair Housing
A NC broker must maintain files of transactions for how long to comply with potential fair housing investigation requirements?
A1 year
B3 years (per NCREC records retention requirements, coinciding with fair housing complaint periods)✓ Correct
C5 years
DIndefinitely
Explanation
NC brokers must keep transaction records for at least 3 years under NCREC rules; this retention period also provides records availability for fair housing investigations.
Related North Carolina Fair Housing Questions
- Which NC property is exempt from the 'Mrs. Murphy' exemption under the federal Fair Housing Act?
- A NC landlord who gives preferential treatment to applicants referred by existing tenants creates a potential fair housing issue if:
- A NC property owner who asks their broker 'How many minorities live in this neighborhood?' in order to decide whether to sell is asking the broker to engage in:
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- Steering in real estate refers to:
- In North Carolina, discriminatory acts under the Fair Housing Act can be reported to all of the following EXCEPT:
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- A NC real estate agent who shows white buyers homes in certain neighborhoods and Black buyers homes in other neighborhoods is violating the FHA through which specific practice?
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