Real estate transaction records should be kept for how long at minimum?

• A. One year
• B. Three years
• C. Five years
• D. Ten years

Answer: (B)

Keeping real estate transaction records for a minimum period is about having documentation to support disclosures, terms, and performance if a dispute or audit arises. In Washington practice, the standard minimum is three years after the closing or final date of the transaction. This window aligns with how long parties might bring civil claims related to the deal, so having the records on hand helps defend or verify what occurred.

That means you should retain documents like listing agreements, purchase contracts, amendments, disclosures, settlement statements, and escrow/trust records for at least three years. Retaining for less than three years could leave you without needed evidence if a claim surfaces within the typical claim period, while keeping longer is fine but not required by the minimum standard.