Which of the following items would NOT be included in the transaction files provided to KREC during an audit?

During an audit by the Kentucky Real Estate Commission (KREC), it is essential that records are complete and accessible. Transaction files typically include fully legible and intact documentation that reflects the details of each transaction, such as purchase agreements and seller disclosure forms.

In this context, transaction records that were damaged, such as those soaked or ruined by flooding, would not be included in the auditor's review. This is because KREC requires all records to be clear and accessible; damaged records do not meet this standard and could hinder the audit process. Therefore, they would not be suitable for inclusion in the transaction files provided to KREC.

Every other choice represents documents that are essential to verifying transactions and maintaining transparency in real estate practices, thus supporting the notion that they would be included in an audit.