In Georgia, how long must a broker keep transaction records?

In Georgia, brokers are required to maintain transaction records for a minimum of three years. This requirement not only helps to ensure compliance with state regulations but also provides necessary documentation that may be needed for audits or legal matters. Keeping detailed records for this duration is vital for brokers to support their business practices and to protect themselves in case of disputes or inquiries from regulatory bodies.

The three-year retention period aligns with practices aimed at encouraging accountability and transparency in real estate transactions, thereby fostering trust between brokers, clients, and regulatory authorities. This timeframe allows for a thorough review of the broker's dealings and ensures that all relevant information is accessible if needed in the future.