Kan. Admin. Regs. § 86-3-10 - Retention of records

Each broker shall retain, for at least three years, in the broker's paper or digital files a copy of all records relating to the broker's real estate business, including the following:

(a) Real estate sales contracts, option agreements, and nonresidential lease agreements for which the broker acts as an employee of, or on behalf of, the owner, purchaser, lessor or lessee;

(b) closing statements;

(c) each receipt from an escrow agent required by K.S.A. 58-3062(d), and amendments thereto;

(d) correspondence; and

(e) the records required by K.A.R. 86-3-18.

Notes

Kan. Admin. Regs. § 86-3-10

Authorized by K.S.A. 2019 Supp. 74-4202; implementing K.S.A. 2019 Supp. 58-3061; effective Jan. 1, 1966; amended, E-81-18, July 16, 1980; amended May 1, 1981; amended Nov. 18, 1991; amended by Kansas Register Volume 40, No. 14; effective 4/23/2021.