The IRS states that you should keep tax returns and the supporting documents in case you are audited.
The same would apply in our real estate transactions. As a real estate lagent, you are responsibile to keep all records for a minimum amount of time after a transaction closes, if it does not get to settlement, agency agreements that exipre, disclosures etc.
In Maryland the timeframe is five years. The broker file needs to be complete and so does your file.
This session will discuss all that is needed to be saved, how to save not only the signed documents but also the communication (emails and text messages).
Video (40 MInutes)