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Practice Of Real EstateTrust_accountsMEDIUM

A Kentucky principal broker must maintain escrow/trust account records for:

Correct Answer

C) 5 years

KREC requires principal brokers to maintain complete escrow/trust account records for at least 5 years, available for audit by the Commission at any time.

Answer Options
A
1 year
B
3 years
C
5 years
D
Indefinitely

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Related Topics & Key Terms

Related Topics:

trust account reconciliationKREC audit authorityprincipal broker responsibilitiescommingling violations

Key Terms:

trust account records5 yearsKRECprincipal brokerrecord retention
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