For how long does Georgia license law require brokers to maintain sales contracts?

In Georgia, the law stipulates that brokers must retain sales contracts for a minimum of three years following the completion of the transaction. This requirement is designed to ensure that there is a verifiable record of all transactions, which is vital for various reasons, including legal compliance, potential audits, and addressing any disputes that may arise after the sale has closed.

Maintaining documents for this duration allows brokers and their clients to have access to historical data and ensures that important legal agreements are preserved for future reference. It is essential for brokers to be aware of these retention policies to avoid potential penalties for non-compliance. Hence, the requirement of three years aligns with the broader objectives of transparency and accountability in real estate transactions.