Agency
In Louisiana, a licensee's duty to account to their client requires them to:
AFile quarterly financial reports with the LREC
BPromptly account for all funds and property received on behalf of the client✓ Correct
CProvide the client with a copy of their tax returns
DReport all client transactions to the Louisiana Office of Financial Institutions
Explanation
The duty to account requires a Louisiana licensee to promptly and accurately account for all funds, documents, or property received on behalf of a client, and to maintain proper trust accounting records.
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