Texas Crammer Practice Exam

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What is the required retention period for contracts and related documents by a broker?

  1. Three years

  2. Four years

  3. Five years

  4. Two years

The correct answer is: Four years

The required retention period for contracts and related documents by a broker in Texas is four years. This is based on the regulations outlined by the Texas Real Estate Commission. It is essential for brokers to maintain these documents for this period to ensure compliance with state laws and for the purpose of possible audits or legal disputes that may arise. Keeping these records for four years allows brokers to effectively manage their business practices and protect their interests as well as those of their clients. It's critical for brokers to adhere to this retention timeline to maintain a proper and professional standard in their operations.

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