Code of Massachusetts Regulations
264 CMR - BOARD OF REGISTRATION OF REAL ESTATE APPRAISERS
Title 264 CMR 6.00 - Practice of Real Estate Appraisal
Section 6.04 - Records Retention

A Licensee shall retain originals or true copies of all written contracts engaging his or her services for real property appraisal work, and all reports and supporting data assembled and formulated by the appraiser in preparing such reports for a period of five years, commencing upon the date that the appraisal is submitted to the client. If the appraiser is notified within such five year period that the Appraisal Report is involved in litigation, the five year period for the retention of records shall commence upon the date of the final disposition of such litigation. For purposes of this requirement, notification of a Board complaint or adjudicatory action shall be deemed litigation. If a conflict exists between 264 CMR 6.04, M.G.L. c. 112, § 193, or USPAP, whichever provision requiring retention of records the longest shall govern.