For how long is a real estate brokerage required to keep transaction records?

A real estate brokerage in Washington is required to retain transaction records for a minimum of three years. This time frame is established to ensure that all necessary documentation is available for potential audits, reviews, or inquiries related to the transactions. Keeping these records for three years allows the brokerage to comply with state regulations while also providing a necessary safeguard for both the brokerage and its clients should any issues or disputes arise regarding the transaction.

Maintaining transaction records for three years serves to protect all parties involved and ensures that the brokerage can provide adequate documentation if needed during that period. After three years, while some brokerages may choose to retain records for longer periods, the legal requirement is met after this specified duration.