Final answer:
According to the REBBA regulations, the duration for which the seller's brokerage is mandated to retain a copy of the changed offer is:` Three years regardless of the offer's success.`
The answer is option ⇒B
Step-by-step explanation:
This means that regardless of whether the offer is successful or not, the seller's brokerage must keep a copy of the changed offer for a period of three years. This requirement ensures that there is a record of the offer and its modifications in case there is a need for reference or verification in the future.
By retaining a copy of the changed offer, the seller's brokerage can maintain transparency and accountability in the real estate transaction process. It allows for a clear documentation of any modifications made to the offer and helps in resolving any potential disputes or issues that may arise after the transaction is completed.
Keeping records for three years also aligns with common legal practices and regulations that often require businesses to retain important documents for a certain period of time. This timeframe allows for an adequate period of record-keeping without burdening the brokerage with unnecessary storage requirements for an extended duration.
The answer is option ⇒B