Which scenario would not require that agency disclosure documents be maintained on record for five years?

The correct choice indicates a scenario where agency disclosure documents do not need to be maintained for the full five years. In the case of the sale of a single-family home where the broker acted as a transaction agent from the outset, the nature of the transaction doesn't create an agency relationship that requires the same level of documentation retention as scenarios involving traditional agency relationships.

Transaction agents typically facilitate transactions without representing either party in an agency capacity, which reduces the legal obligation for long-term record-keeping of disclosure documents. This is contrasted with situations where brokers represent sellers or buyers specifically, often necessitating stricter adherence to record-keeping requirements to protect the interests of the parties involved and ensure compliance with regulatory standards.

In other scenarios, such as the sale of a commercial property to a corporate buyer, or a rental agreement lasting less than one year, there may be different legal requirements or considerations that dictate longer retention periods for agency disclosures. The involvement of multiple brokers in the sale of a multi-family home also suggests a more complex agency relationship, which usually requires maintaining records for transparency and accountability. Thus, the retention requirements differ based on the complexity and type of agency relationship, making the sale of a single-family home under a transaction agent role the exception.