Agency
The duty of 'accounting' in a fiduciary relationship requires an agent to:
APrepare annual tax returns for the principal
BAccount for all money and property received on behalf of the principal✓ Correct
CSubmit monthly profit/loss statements to the DRE
DDisclose the agent's commission to all parties
Explanation
The duty of accounting requires the agent to promptly and accurately account for all funds and property received on behalf of the principal, maintaining proper records and avoiding commingling of client funds with the agent's own funds.
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