Tennessee Realtor State Practice Exam 2025 – Complete Prep Resource

Question: 1 / 400

Raymond wants to comply with Tennessee law, so he always retains records related to a transaction for at least ____.

One year

Two years

Three years

In Tennessee, real estate licensees are legally required to maintain transaction records for a minimum of three years from the date of the transaction. This period is established to ensure that there is adequate documentation available should any disputes arise or if there are inquiries from regulatory authorities.

Retaining records for this length of time allows for thorough oversight of business activities and serves to protect both the agents and their clients. It safeguards against potential liability and helps uphold the integrity of real estate transactions within the state.

The other potential options for record retention do not align with Tennessee's regulatory requirements, making three years the correct and compliant choice for Raymond to follow.

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Five years

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