Agency
The fiduciary duty of 'accounting' requires an Oklahoma agent to:
APrepare tax returns for the client
BKeep accurate records of all funds and property entrusted by the client✓ Correct
CProvide a formal audit of the transaction to OREC
DReport all transactions to the IRS on behalf of the client
Explanation
The duty of accounting requires the agent to keep accurate records of all client funds, earnest money, and property entrusted to them and to provide an accounting to the client upon request.
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