Arkansas Real Estate Practice Exam 2025 – Comprehensive All-in-One Guide for Exam Success

Question: 1 / 400

For how long must copies of trust account reconciliations be kept by the broker?

One year

Two years

Three years or as required by law, whichever is greater

Trust account reconciliations must be kept for at least three years or as required by law, whichever is greater. This is to ensure that there is a record of the account activity and that trust funds are being handled properly. Options A, B, and D do not meet the minimum requirement of three years. Option C is the best choice because it covers both the minimum time requirement and the possibility of any longer legal requirements.

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Five years

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