Agency
In New Mexico, which of the following is an example of an agent's breach of the fiduciary duty of 'accounting'?
AFiling taxes on their commission income
BFailing to provide the client with a complete accounting of all funds received and disbursed on their behalf✓ Correct
CTracking property showing appointments
DPreparing a comparative market analysis
Explanation
The duty of accounting requires agents to keep accurate records of all money and property entrusted to them and provide complete accounting to the client. Failure to account for client funds is a serious breach.
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