Agency
Oklahoma's real estate license law imposes a duty of accounting on licensees. This means the licensee must:
AFile annual tax returns for the brokerage
BMaintain accurate records of all funds received and disbursed on behalf of clients, and account for all client funds✓ Correct
CProvide clients with monthly financial statements
DHave a CPA audit all transactions
Explanation
The duty of accounting requires a licensee to properly handle and accurately account for all funds and property entrusted to them by clients, maintain proper trust account records, and be able to account for every dollar received and disbursed.
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