Agency
In Maryland, the duty of accounting requires a licensee to:
AFile tax returns on behalf of the client
BKeep accurate records of all funds received and disbursed on behalf of the client✓ Correct
CProvide audited financial statements annually
DMaintain the client's investment portfolio
Explanation
The duty of accounting requires accurate record-keeping and proper handling of all client funds — earnest money, deposits, rents, and other monies must be properly tracked and disbursed.
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