Agency
An agent's duty of 'accounting' requires the agent to:
AFile tax returns on behalf of the principal
BKeep careful records and provide an accounting of all funds received on the principal's behalf✓ Correct
CHire a certified public accountant to review all transactions
DSubmit quarterly financial reports to TREC
Explanation
The fiduciary duty of accounting requires the agent to maintain complete and accurate records of all money and property received on behalf of the principal, and to report and remit those funds promptly.
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