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Quebec Real Estate Licensing Exam Practice · Question

Upon the successful sale of a multiplex in Laval, broker Nathalie Tremblay ensures that all documentation, including the brokerage contract, promise to purchase, counter-proposals, declarations by the seller, and all relevant correspondence, is properly filed. For how long must Nathalie maintain these records?

According to Article 43 of the Regulation respecting brokerage requirements, professional conduct of brokers and advertising, a broker must keep registers, book

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Question: Upon the successful sale of a multiplex in Laval, broker Nathalie Tremblay ensures that all documentation, including the brokerage contract, promise to purchase, counter-proposals, declarations by the seller, and all relevant correspondence, is properly filed. For how long must Nathalie maintain these records?

Answer options:

  • Three years from the date of the notarial act.
  • Five years from the date of the notarial act.
  • Seven years from the date of the notarial act. ✅ Ten years from the date of the notarial act.

Correct answer: Ten years from the date of the notarial act.

Explanation: According to Article 43 of the Regulation respecting brokerage requirements, professional conduct of brokers and advertising, a broker must keep registers, books, and records for at least ten years following the closing of the transaction.

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