Agency
In Colorado, the duty to 'account' as part of a broker's fiduciary duties means:
AA. The broker must provide financial planning advice
BB. The broker must promptly and accurately report all money and property received on behalf of the client✓ Correct
CC. The broker must balance the client's checking account
DD. The broker must file the client's tax returns
Explanation
The duty to account (or accounting) means the broker must promptly report, account for, and remit any money or property that comes into the broker's possession that belongs to the client. This includes earnest money, rental income, and security deposits, and requires maintaining accurate trust account records.
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