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Section 6 · Maintaining Files

6.1 General

1 min readLast updated: edition

Your files are a record of every event relative to your dealings with your client on a listing or sale transaction. You must retain and upload to Skyslope copies of all listings, deposit receipts, canceled checks, trust records, and other documents executed by you, or obtained by you, in connection with a real estate transaction, whether the sale is consummated or not. You must maintain a neat and orderly file on every listing, sale, or lease on which you work. All files will be held in storage for a minimum of three to six (3-6) years depending on each State’s laws, from the date of closing or the date of listing if the transaction is not completed in accordance with real estate law. After this time they may be destroyed or deleted from your hard drive in accordance with the Company’s document storage policy. Storage can consist of a physical copy or a digital copy.You are responsible to maintain records according to your state's requirements.

In addition, you are responsible for alerting the Company of any mortgage loan disclosure statement in your files; all such statements will be held in storage a minimum of three to six (3-6) years from the date of closing or the date of listing if the transaction is not completed in accordance with real estate law. After this time they may be destroyed in accordance with the Company’s document storage policy.