Question

Which of these tasks that Jenna performs does NOT represent the fiduciary duty of accounting?

a) She avoids commingling trust funds with her firm's operating funds.

b) She discloses the terms of the listing agent's compensation to her client.

c) She meticulously manages all her clients' transactional paperwork.

d) She properly records the earnest money her buyer client gave her.

Answer 1

Not disclosing the terms of the listing agent's compensation is the task that does NOT represent the fiduciary duty of accounting.

Step-by-step explanation:

The fiduciary duty of accounting involves acting in the best interest of clients and maintaining trust and confidentiality. Based on the given options, the task that does NOT represent the fiduciary duty of accounting is b) She discloses the terms of the listing agent's compensation to her client. Disclosing the terms of the listing agent's compensation is not directly related to the fiduciary duty of accounting but rather falls under the duty of disclosure and transparency.