Under common law agency, which of the following is NOT a duty owed by licensees to their broker?

In common law agency, licensees owe a range of duties to their brokers, which include confidentiality, obedience, and accounting. However, indemnification is generally not considered to be one of the core duties owed by licensees to their brokers.

Confidentiality is a vital duty, as licensees must keep sensitive information about the broker and their clients private, unless permitted otherwise. Obedience requires agents to follow lawful instructions from their broker, supporting the broker’s operations and goals. Accounting involves accurately managing and reporting financial transactions related to real estate dealings, ensuring transparency and trustworthiness in financial matters.

Indemnification, on the other hand, typically refers to compensating for harm or loss, and while brokers may seek indemnification from agents in some contexts, it's not a standard, inherent duty that licensees owe to their brokers under common law agency principles. Thus, it stands out as the duty that is not specifically required in this context, clarifying why it is the correct answer.