Regarding record-keeping for affiliated licensees who work from a home office, which statement is correct?

• A. They must maintain records for the standard period
• B. They must maintain records for five years
• C. Affiliated licensees are not required to maintain records of closed transactions
• D. They must keep records indefinitely

Answer: (C)

In Washington, the responsibility for keeping transaction records rests with the broker, not with each affiliated licensee. Even when a licensee works from a home office, the supervising broker must maintain the formal files for all transactions for the required retention period. Because of this, affiliated licensees are not individually required to maintain records of closed transactions—the broker holds those records to ensure regulatory compliance. Licensees should still keep their own supporting documents and personal notes, but the official, long-term transaction records belong to the brokerage. This is why the statement that affiliated licensees are not required to maintain records of closed transactions is the correct choice.