Rhode Island License Law
Under RIGL 5-20.5, a Rhode Island real estate licensee must keep detailed records of all trust fund transactions. These records must be available for inspection by the DBR for a minimum of:
AOne year
BThree years✓ Correct
CFive years
DSeven years
Explanation
Rhode Island requires real estate brokers to maintain transaction records, including trust fund (escrow) records, for a minimum of three years and to make them available for inspection by the DBR upon request.
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