North Carolina License Law
Under NC license law, a broker is required to maintain which records for at least 3 years?
AOnly closed transaction files
BAll transaction records, trust account records, and related correspondence✓ Correct
COnly trust account bank statements
DOnly written listing agreements
Explanation
NC license law requires brokers to maintain all transaction records, trust account records, and related documents for a minimum of 3 years from the date of the transaction.
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Key Terms to Know
State-Specific Concepts
Trust Account RulesLicense Law
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