Agency
What is 'accountability' as a fiduciary duty in Delaware real estate agency?
AThe agent's responsibility to pass all state licensing exams
BThe duty to account for all funds and property entrusted to the agent by the principal✓ Correct
CThe agent's financial responsibility for all transaction costs
DThe broker's obligation to file Commission reports quarterly
Explanation
The fiduciary duty of accountability (accounting) requires the agent to account for all money and property entrusted by the principal — including earnest money deposits, rents collected, and any funds held in trust — and to provide accurate records.
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