Tennessee Realtor State Practice Exam

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In Tennessee, how long must electronic real estate forms be kept with the broker?

One year
Two years
Three years
Five years

The correct answer is: Three years

In Tennessee, electronic real estate forms must be retained for a period of three years with the broker. This requirement ensures that all records related to real estate transactions are kept for a sufficient duration, allowing for compliance with state regulations and potential legal considerations. Retaining records for three years provides a window of time to address any disputes, verifications, or audits that may arise related to those transactions. It is crucial for realtors to adhere to these retention policies to maintain the integrity and legality of their business practices, as well as to provide transparency and accountability in their dealings.