What documents must a principal broker maintain as a part of the firm’s records?

Kristen -

1260-02-.40 ELECTRONIC RECORDS.: "Pursuant to T.C.A. § 62-13-312(b)(6), real estate licensees must preserve records relating to any real estate transaction for three (3) years following the consummation of said real estate transaction. Real estate licensees may utilize electronic recordkeeping methods to comply with this requirement..."

These files must contain, at a minimum, the following:

- Listings

- Offers (Even offers that did not become contracts)

- Contracts

- Closing Statements

- Agency Agreements

- Agency Disclosure Documents

- Property Disclosure Forms

- Correspondence

- Notes


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