Property Management
An NC property manager who collects rents and maintenance deposits for managed properties must keep trust account records for a minimum of how many years?
A1 year
B3 years✓ Correct
C5 years
D7 years
Explanation
NCREC rules require brokers to maintain complete and accurate records of all trust account transactions for a minimum of 3 years. These records must be available for Commission inspection.
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