What is the required duration for a Brokerage to retain a written record of all funds?

The correct duration for a Brokerage to retain a written record of all funds is four years. This requirement is established to ensure that all financial transactions and records are readily available for review and compliance purposes. Retaining records for this period helps to provide transparency and accountability in financial dealings, which is crucial in the real estate industry.

A four-year retention period aligns with various regulatory requirements and audit practices, allowing for sufficient time to address any disputes or inquiries that may arise concerning transactions. This practice not only protects the brokerage but also serves to uphold the integrity of the real estate profession by maintaining accurate and complete records.

The other durations, such as two, three, or five years, do not meet the established guidelines, which specifically stipulate four years as the necessary timeframe for keeping written records regarding all funds. This timeframe is a standard in the industry, ensuring that brokerages operate within the legal frameworks set by the Texas Real Estate Commission.