Agency
The duty of 'accounting' in a Colorado agency relationship means the broker must:
APrepare the seller's tax returns
BKeep accurate records of all money and property received and properly account for all funds✓ Correct
CCalculate the seller's capital gains
DProvide an annual audit of the transaction to the client
Explanation
The duty of accounting requires the broker to maintain accurate records of all funds and property belonging to clients, properly segregate client funds in trust accounts, and provide an accurate accounting of all receipts and disbursements.
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