An affiliated licensee rarely works in the firm's main office. The records for the licensee's transactions must be kept in:
A. the licensee's personal files
B. the firm's office
C. both the licensee's personal files and the firm's office
D. in the licensee's personal files until closing, then at the firm's office
Answer: B. the firm's office
A firm must keep all records at its main office or branch office. While I may be advantageous for a licensee who is rarely in the office to keep copies of the records for personal reference, the law makes the firm ultimately responsible for the custody and accuracy of all required records.
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