California Real Estate Practice Exam 2026 – 400 Free Practice Questions to Pass the Exam

Question: 1 / 740

How long must records be kept when a broker is involved in arranging mortgage loans?

Two years

Three years

Four years

When a report is issued by a broker about a mortgage loan, the records must be kept for a minimum of four years. This is because the broker is involved in a complex process that involves many people, documents, and transactions, and it is important to have a record of this information for a significant period of time. Options A, B, and D are incorrect because they do not meet the minimum requirement of four years. Option A only covers half of the required time, while options B and D exceed the minimum requirement by two and one year, respectively. Therefore, option C is the most accurate and suitable answer in this case.

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Five years

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