10. Sale/Lease Transaction Records
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Record Retention Requirements Key Statutes: A.R.S. § 32-2151.01(A): Broker Record-Keeping Requirements: Brokers must maintain records for all transactions handled through their brokerage, including: Earnest money receipts confirming proper handling. Closing statements showing all receipts, disbursements, and adjustments. Sales contracts. Employment records, including agreements, for all current and former employees. Retention Period: Records must be kept […]