After a transaction is completed, how long must a broker retain documents related to the sale?

In Arizona, brokers are required to retain documents related to a sale for a minimum of five years after the transaction is completed. This retention period is mandated to ensure that there is adequate documentation accessible for any potential disputes, audits, or legal matters that may arise after the sale. Retaining these records helps protect both the broker and the clients involved in the transaction by providing a traceable history of the agreements and communications.

The choices listed provide alternative durations, but they do not align with the legal requirements set forth in Arizona's real estate regulations. The five-year retention period serves as a standard timeframe that balances the necessity of record-keeping with the practical considerations of the business environment.