Idaho § 54-2049 - Record retention schedules
Full text of Idaho Idaho Statutes § 54-2049 — Record retention schedules, with citation guidance and answers to common questions.
§ 54-2049. Record retention schedules
All records required in this chapter to be kept and maintained by a real estate broker, including trust account and financial records, transaction files and other records are to be kept in the broker’s files according to this section. The following records must be kept by a broker for three (3) calendar years after the year in which the event occurred, the transaction closed, all funds were disbursed, or the agreement and any written extension expired:
(1) The original or true copy of all accepted, countered or rejected offers;
(2) Listing or buyer brokerage representation agreements and "consent to limited dual representation" forms;
(3) Transaction files and the contents required in section 54-2048 (3), Idaho Code;
(4) Trust account ledger records; and
(5) All trust account reconciliation records, as defined in this chapter.
[54-2049, added 2000, ch. 285, sec. 3, p. 939.]
Source: official Idaho text · Last verified 2026-08-27
Frequently Asked Questions About Idaho § 54-2049
What does Idaho Statutes § 54-2049 cover?
Section 54-2049 ("Record retention schedules") is part of the Idaho Statutes, the codified statutory law of Idaho. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Idaho § 54-2049?
A common citation format is "Idaho Statutes § 54-2049" (Idaho). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Idaho law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Idaho official source linked on this page or consult a licensed Idaho attorney.
How does Idaho § 54-2049 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Idaho can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Idaho.