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For how long must accepted offers be kept by a brokerage?
Both accepted and unsuccessful offers for six years
Summary documents for six years
Accepted offers for six years
Sellers' brokerages for three years
All documentation for three years
Buyers' brokerages for three years
The correct answer is: Accepted offers for six years
Accepted offers must be kept by a brokerage for six years. This is important as accepted offers are crucial documents in real estate transactions as they outline the terms and conditions agreed upon by both the buyer and the seller. Keeping these documents for six years ensures that there is a record of the agreement in case any issues or disputes arise in the future. The other options are incorrect because they do not specify the correct duration for retaining accepted offers by the brokerage.