How long must real estate brokers keep records in Tennessee?
Question & Answer
Review the question and all answer choices
One Year
A one-year retention period is insufficient under Tennessee law and would leave brokers vulnerable to regulatory sanctions; TREC's rules clearly require three years, making a one-year policy a violation of licensing requirements.
Two Years
Two years does not satisfy Tennessee's three-year record retention mandate under T.C.A. § 62-13-312; a broker retaining records for only two years would be out of compliance with TREC regulations and could face disciplinary action.
Three Years
Four Years
Four years exceeds the minimum required by Tennessee law, and while keeping records longer is not prohibited, four years is not the legally mandated minimum retention period and is therefore an incorrect answer to the question as asked.
Why is this correct?
Answer C is correct because T.C.A. § 62-13-312 and the TREC Rules explicitly require Tennessee real estate brokers to retain all transaction records, including contracts and related documents, for a minimum of three years from the date of the transaction or the termination of any listing agreement. This three-year requirement is a firm regulatory standard that TREC enforces through audits and complaint investigations.
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