Contracts
Under Pennsylvania's RELRA, for how long after a real estate transaction must a broker maintain copies of all transaction records?
A1 year
B2 years
C3 years✓ Correct
D7 years
Explanation
RELRA requires Pennsylvania brokers to retain all transaction records — including contracts, listing agreements, agency disclosures, escrow records — for a minimum of 3 years. PREC auditors may request these records during compliance reviews or in response to complaints.
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