Under the Illinois Real Estate License Act of 2000, if a licensee is working with a consumer and no written brokerage agreement has been executed, how is that consumer classified by default?
Correct Answer
C) As a customer, meaning the licensee owes the consumer honesty and disclosure but does not represent the consumer's interests.
Under 225 ILCS 454/15-75, a consumer who has not entered into a written brokerage agreement is treated as a customer, not a client. A licensee owes a customer duties of honesty, disclosure of material facts, and reasonable care, but does not represent the customer's interests or owe fiduciary-level duties. A written brokerage agreement is required to establish a client relationship under Illinois law.
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