Record Retention Re-Defined for Real Estate Professionals

The California Bureau of Real Estate (CalBRE) published an article in its Spring 2013 Real Estate Bulletin discussing the increasingly common-place use of electronic communications during real estate transactions.  The Bulletin stated, “Electronic Communications (EC), including emails, texts, tweets and the like, has become an indispensable tool for licensees in conveying vital information in real estate and mortgage transactions.”  Such “texts, emails, tweets and the like created and sent or received by a licensee during the negotiation for the sale or purchase of the property must be maintained as part of the transaction file.”

Posted on August 26, 2014 and filed under courtside newsletter.