Pennsylvania License Law
A Pennsylvania broker must maintain transaction records — contracts, disclosure forms, and correspondence — for a minimum of:
A1 year from transaction completion
B2 years from transaction completion
C3 years from transaction completion✓ Correct
D5 years from transaction completion
Explanation
Pennsylvania RELRA and PREC regulations require real estate brokers to maintain all transaction records — including agreements of sale, listing contracts, disclosure forms, escrow records, and correspondence — for a minimum of three years from the date of transaction completion or the date the transaction was not consummated. These records must be available for inspection by PREC investigators.
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