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

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Prepare for the Texas Real Estate SAE Exam with our educational quiz. Study using flashcards and multiple choice questions, each with detailed explanations to ensure you're ready to pass your exam!

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For how many years must a real estate broker maintain records?

  1. 2 years

  2. 3 years

  3. 4 years

  4. 5 years

The correct answer is: 4 years

Real estate brokers in Texas are required to maintain records for a period of four years. This is aligned with the regulations established by the Texas Real Estate Commission (TREC), which mandates that brokers retain various records related to their transactions, such as contracts, closing statements, and correspondence. The four-year timeframe allows for adequate oversight and accountability within the brokerage, ensuring that records are available for review in case of audits or legal inquiries. Retaining these records is essential for compliance with TREC standards and helps protect both the broker and their clients in the event of disputes or claims.

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