Agency
Which of the following is the BEST example of the duty of 'accounting' owed by an agent?
ATelling the client about all offers received
BProperly tracking and accounting for all money and property received on behalf of the client✓ Correct
CProviding the client with an annual financial report
DDisclosing all known defects about the property
Explanation
The duty of accounting requires the agent to properly account for all money and property received on behalf of the client, including earnest money, security deposits, and other funds.
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