Final answer:
The statement is true; under REBBA, a salesperson must keep a summary of failed offers for one year to ensure transparency and provide a record for audits. Option a
Step-by-step explanation:
The statement that a salesperson must retain a summary document for all offers that failed for one year as required by REBBA is true. REBBA, the Real Estate and Business Brokers Act, sets out the regulations that real estate brokers and salespersons in Ontario, Canada must follow.
One of these regulations is the requirement to keep records of all offers received for properties, regardless of whether these offers are successful or not. This ensures a transparent process and provides a trail that can be audited if necessary. Option a