Section 15.04. Retention of records.

  A broker shall retain for at least 3 years exact and complete copies of all listing contracts, offers to purchase, leases, closing statements, deposit receipts, cancelled checks, trust account records and other documents or correspondence received or prepared by the broker in connection with any transaction. The retention period shall run from the date of closing of the transaction or, if the transaction has not been consummated, from the date of listing. The broker shall make these records available for inspection and copying by the board. If the records are retained outside this state, the broker shall, upon request of the board, promptly send exact and complete copies to the department.

History: Cr. Register, November, 1985, No. 359 , eff. 12-1-85; correction made under s. 13.92 (4) (b) 6. , Stats., Register November 2011 No. 671 .