Property Management Licensing Practice Exam · Question
Manager's record retention for accounting records:
Tax and regulatory record-keeping. The correct answer is "At least 7 years (CRA & RESA)". This reflects the accepted standard for the property-management assess
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Question: Manager's record retention for accounting records:
Answer options: ✅ At least 7 years (CRA & RESA)
- 1 year
- 30 days
- Forever
Correct answer: At least 7 years (CRA & RESA)
Explanation: Tax and regulatory record-keeping. The correct answer is "At least 7 years (CRA & RESA)". This reflects the accepted standard for the property-management assessment and aligns with the official handbook for this competency.
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