In Ontario, what is the minimum period for which a real estate brokerage must retain its trust account records, unless the registrar specifies otherwise?
Correct Answer
C) 6 years
Under O. Reg. 579/05 s. 19, not O. Reg. 567/05, a brokerage must retain all documents and records it is required to make under TRESA and its regulations for the period the registrar specifies or, if none is specified, for at least six years. Trust account records are among those required records.
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