How long must the listing broker keep the SRPDS acknowledgment?

How long must the listing broker keep the SRPDS acknowledgment?

• A. 1 year
• B. 2 years
• C. 3 years
• D. 5 years

Answer: (C)

The length of time that the listing broker must keep the Seller's Real Property Disclosure Statement (SRPDS) acknowledgment is three years. This requirement aligns with the regulations set forth by Hawaii's real estate laws which mandate that all brokers maintain documentation relating to transactions for a minimum period. Keeping the SRPDS acknowledgment for three years ensures that there is a record available for any potential future disputes or inquiries regarding the property disclosures provided to buyers. This period also allows sufficient time for the acknowledgment to be referenced in the case of any legal actions or claims that could arise relating to the property’s condition following the sale. Other durations, such as one, two, or five years, do not meet the legal requirement specified in the state’s regulations, making them inappropriate choices for this question.

The length of time that the listing broker must keep the Seller's Real Property Disclosure Statement (SRPDS) acknowledgment is three years. This requirement aligns with the regulations set forth by Hawaii's real estate laws which mandate that all brokers maintain documentation relating to transactions for a minimum period. Keeping the SRPDS acknowledgment for three years ensures that there is a record available for any potential future disputes or inquiries regarding the property disclosures provided to buyers. This period also allows sufficient time for the acknowledgment to be referenced in the case of any legal actions or claims that could arise relating to the property’s condition following the sale.

Other durations, such as one, two, or five years, do not meet the legal requirement specified in the state’s regulations, making them inappropriate choices for this question.