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OREC Transaction Documents Retention

Oklahoma Real Estate Commission (OREC) has set a standard for transaction documents retention. 

 

605:10-13-1(L).

Record retention. A broker shall maintain all records and files for a minimum of five (5) years after consummation or termination of a transaction. In the case of trust account records the five years shall commence with the date of disbursal of funds. Records as referenced in this paragraph shall be destroyed in a secure manner.

 

[See: attached OREC License Code and Rule Book]

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