Agency
The duty of 'accounting' in an agency relationship requires a real estate agent to:
AProvide the client with monthly financial statements
BProperly handle and account for all money and property entrusted to the agent✓ Correct
CFile tax returns on behalf of the client
DAudit the brokerage firm's financial records annually
Explanation
The fiduciary duty of accounting requires the agent to properly handle, track, and account for all money and property entrusted to them by the client. This includes earnest money, security deposits, and any other client funds, and requires keeping complete, accurate records.
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