Oregon License Law
How long must Oregon real estate licensees retain transaction records under Oregon Administrative Rules?
A2 years
B5 years✓ Correct
C6 years
D7 years
Explanation
Oregon Administrative Rules require real estate licensees to retain transaction records for a minimum of 6 years. This includes purchase agreements, agency disclosure forms, trust account records, and all transaction-related documents.
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Key Terms to Know
State-Specific Concepts
Disclosure RequirementsTrust Account Rules
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