Each broker shall retain, for at least three years, in the broker's paper or digital files a copy of all records relating to the broker's real estate business, including the following:

1. (a) Real estate sales contracts, option agreements, and nonresidential lease agreements for which the broker acts as an employee of, or on behalf of, the owner, purchaser, lessor or lessee;
2. (b) closing statements;
3. (c) each receipt from an escrow agent required by K.S.A. 58-3062(d), and amendments thereto;
4. (d) correspondence; and
5. (e) the records required by K.A.R. 86-3-18.

(Authorized by K.S.A. 2019 Supp. 74-4202; implementing K.S.A. 2019 Supp. 58-3061; effective Jan. 1, 1966; amended, E-81-18, July 16, 1980; amended May 1, 1981; amended Nov. 18, 1991; amended April 23, 2021.)