Agency
An agent's duty of accounting requires:
AFiling the client's income tax returns
BProperly handling and reporting all funds and property received on behalf of the client✓ Correct
CSubmitting monthly reports to the NREC
DProviding CPA-level financial analysis for each transaction
Explanation
The duty of accounting requires the agent to safeguard all money, property, and documents received on behalf of the client and to provide accurate accounting upon request.
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