Expired agreements must be kept by a broker for what duration?

The correct duration for which expired agreements must be retained by a broker is 6 months. This requirement aligns with various state regulations that dictate how long real estate records, including expired agreements, should be kept. Maintaining these records is essential for several reasons: it provides a historical account of transactions, ensures compliance with legal standards, and aids in responding to any potential disputes or inquiries that may arise post-transaction.

This retention period allows brokers to ensure that they have adequate documentation in case of liability issues or client inquiries regarding services provided. Understanding this requirement is crucial for brokers to uphold their professional responsibilities and adhere to regulatory compliance.