Q: I’m a broker in the process of sorting through my brokerage business records. Must I retain copies of listing agreements even if the property never sold?
A: Yes. Section 475.5015, Florida Statutes, provides that any listing agreement, offer to purchase, rental property management agreement, rental or lease agreement, or any other written or verbal agreement that engages the services of the broker must be retained for at least five years from the date of execution, even if no funds are entrusted to the broker.