Agency
The fiduciary duty of 'accounting' requires an agent to:
APrepare financial statements for the client
BKeep accurate records and properly handle all funds✓ Correct
CAudit the seller's property tax records
DReport all commission income to the IRS
Explanation
The fiduciary duty of accounting requires the agent to keep accurate records of all funds and property received during the transaction and to properly handle and account for all client monies.
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