Under TREC rules, a broker must maintain trust account records for a specified period. How long must these records be kept?
Correct Answer
D) 4 years from the date of closing of the transaction or termination of the contract
Under TREC rules, trust account records must be maintained for at least 4 years from the date of closing of the transaction or termination of the contract. This retention period allows TREC to audit and verify compliance during investigations.
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