Seasoned secondary offerings occur in the secondary market

Licensees must keep true and correct copies of all sales contracts, closing statements and other documents related to real estate closing for a period of:

A. Three years. B. Three years and up to five at request of the Commission. C. Five years. D. Five years and up 10 years at the request of the Commission.

If a cross-elasticity with respect to price is positive then:

A) a product's sales increase when another product's price drops. B) a product's sales decline when another product's price drops. C) a product's sales decline when another product's price increases. D) a product's sales are independent of another product's price.