Which statement regarding records generated in real estate matters is TRUE?

The correct statement regarding records generated in real estate matters is that they must be made available to the Commission upon request. This requirement ensures transparency and accountability within the industry, allowing the regulatory authority to monitor compliance with laws and regulations governing real estate practices.

Real estate professionals are required to maintain accurate records as part of their business operations, and the Commission has the authority to review these records to ensure that practitioners are adhering to established standards and legal frameworks. This oversight is crucial for maintaining the integrity of the real estate market and protecting the interests of consumers.

While public records exist in real estate, not all documents created in the course of real estate transactions are inherently public. Additionally, attorney-client privilege applies only to specific communications between a client and their attorney and does not cover all records generated in real estate matters. Furthermore, the requirement for records to be maintained in electronic format might be a best practice, but it is not universally mandated. Thus, the obligation to provide records to the Commission upon request emphasizes the importance of regulatory compliance in the real estate profession.