South Carolina License Law
In South Carolina, which of the following must a broker maintain for each real estate transaction?
AOnly the closing statement
BA complete transaction file including the contract, disclosures, correspondence, and financial records✓ Correct
COnly the listing agreement
DOnly the commission agreement
Explanation
SC regulations require brokers to maintain complete transaction files for a minimum of 3 years. Files should include all documents, correspondence, contracts, disclosures, trust account records, and other materials related to the transaction.
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