Agency
In NC, an agent's duty of 'accounting' requires them to:
APrepare the buyer's mortgage application
BAccount for all funds and property received in connection with the transaction✓ Correct
CProvide annual tax returns to clients
DSubmit financial reports to the NCREC
Explanation
The fiduciary duty of accounting requires the agent to accurately track and account for all funds (earnest money, security deposits) and property entrusted to them in connection with the representation.
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