Agency
The duty of 'accounting' in a Minnesota agency relationship requires the agent to:
APrepare tax returns for the client
BKeep track of and properly handle all funds belonging to the principal✓ Correct
CProvide monthly financial statements
DSet up an escrow account for each transaction
Explanation
The duty of accounting requires the agent to properly receive, hold, and account for all client funds, including earnest money, security deposits, and any other monies entrusted to them.
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