Agency
A Vermont listing agent's duty to 'account' for client funds means:
AProviding an annual tax accounting to the VREC
BPromptly accounting for and safeguarding all money or property received on behalf of the client✓ Correct
CManaging the client's investment portfolio
DReporting all transactions to the Vermont Department of Taxes
Explanation
The fiduciary duty of accounting requires an agent to promptly account for and properly safeguard all money and property received on behalf of a client, maintain accurate records, and provide a full accounting upon request. This duty covers earnest money, rents, and any other client funds.
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