Alberta Real Estate Licensing Exam Practice · Question
A real estate professional must keep all transaction records for a minimum of how many years?
RECA rules require real estate professionals to retain all transaction records for a minimum of seven years.
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Question: A real estate professional must keep all transaction records for a minimum of how many years?
Answer options:
- 3 years
- 5 years ✅ 7 years
- 10 years
Correct answer: 7 years
Explanation: RECA rules require real estate professionals to retain all transaction records for a minimum of seven years.
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