What type of offers does the ADRE require to be retained in brokerage mandated files?

The Arizona Department of Real Estate (ADRE) requires that all voided or rejected offers be retained in brokerage mandated files. This retention requirement is crucial for maintaining accurate and comprehensive records, which can be important for various reasons, including legal compliance, dispute resolution, and ensuring that all parties involved in the transaction process can reference past offers.

Keeping voided or rejected offers helps brokerages provide a complete picture of negotiation history. This transparency can be valuable if questions arise about the decision-making process or if a similar property is presented in the future. It ensures that the brokerage can demonstrate due diligence and provide a clear record of transactions, even if an offer was not accepted or went through the formal processes of negotiation. This is a best practice that aligns with ethical standards in real estate, helping protect both clients and agents.

In contrast, the other options do not align with ADRE requirements as they focus on specific types of offers that may not encompass the full scope of what should be retained for proper record-keeping.