Texas Real Estate Brokerage Sales Apprentice Education (SAE) Practice Exam

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For how many years must brokers maintain accessible records of a real estate transaction?

  1. 2 years

  2. 4 years

  3. 6 years

  4. 10 years

The correct answer is: 4 years

Brokers are required to maintain accessible records of a real estate transaction for a period of four years after the transaction has been completed. This requirement is in place to ensure that there is adequate documentation available for reference in case of any disputes, audits, or compliance checks. It reflects a balance between the need to keep sufficient records for legal and business purposes while also not imposing an overly burdensome requirement on brokers to retain records indefinitely. Therefore, four years is specified as the timeframe for which these records must remain accessible, supporting both regulatory obligations and the interests of consumers in seeing transactions thoroughly documented.

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