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

Which of these is NOT one of the four types of records that brokers maintain?

1. Transaction Records

2. Real Estate Market Records

3. License Records

4. Financial Records

The correct answer is: Real Estate Market Records

Brokers maintain various types of records essential for their operations and compliance with state regulations. While transaction records document the details of real estate transactions and license records pertain to the licensing status of agents, and financial records encompass the broker's financial dealings, real estate market records are not considered a standard category that brokers are required to maintain. Real estate market records involve broader market analysis and research data rather than being a specific record type mandated for brokerage operations. These records might include information on market trends, demographics, and economic factors, but they do not fall under the essential record-keeping practices that brokers must adhere to for regulatory compliance or business functions. Thus, recognizing that real estate market records are not among the critical records that brokers are required to maintain verifies why this option is the one that does not belong with the others.