An individually licensed broker subject to continuing broker education requirements completed a qualifying course on April 15, 2027. The broker is maintaining appropriate records pertaining to their continuing education in accordance with applicable CBP regulations. The broker certified completion of their continuing education hours with the filing of their triennial status report on February 1, 2030. For how long is the broker required to maintain a record of their April 15, 2027, continuing education course - which of the following dates identifies the right timeframe?
How to get there
19 CFR 111.102(d)(1)Individual brokers … must retain the following information and documentation pertaining to the qualifying education completed during a triennial period for a period of three years following the submission of the status report required under § 111.30(d) …
The clock starts at the status report (February 1, 2030), not the course date. February 1, 2030 + 3 years = February 1, 2033: B.
Why the other choices are wrong
A) April 15, 2030: 3 years from the course date. Wrong trigger, and it would even be before the report certifying it was due.
C) April 15, 2033: 6 years from the course date. Wrong trigger and length.
D) February 1, 2035: 5 years from the report. That's the general broker-records period (§ 111.23), not the CE rule.
Trap!
CE records: 3 years after the status report. Most other broker records: 5 years (from entry, revocation or last withdrawal). Don't mix them up.
Source: 19 CFR 111.102(d)(1) (eCFR).
CBP answer key: Answer B · 19 CFR 111.102(d)(1); 19 CFR 163.4(a)Source: CBP past exams ↗