In North Carolina, transaction records must be retained for several years. Unset starred question At the conclusion of the transaction, or after all transaction funds held by the broker have been disbursed, whichever is later At the conclusion of the transaction, or when the new owner takes possession of the house, whichever is first On the day that the agency agreement is executed, initiating an agency relationship with the transaction principal On the day the transaction closes. When does this record retention period begin?