Regarding dual agency consent under the Illinois Real Estate License Act, each of the following statements is accurate EXCEPT:
Correct Answer
C) Written dual agency consent from the client is required only after an offer has been accepted, not before the licensee begins acting in a dual capacity.
Under Illinois RELA, written informed consent to dual agency must be obtained before the licensee begins acting as a dual agent — not after an offer is accepted. Waiting until after acceptance would mean the licensee had already acted as a dual agent without the required prior written consent, which violates the statute's timing requirement.
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Related Topics & Key Terms
Key Terms:
Related Concepts
The fiduciary obligations owed by a listing agent to the seller, including marketing the property, presenting all offers, and protecting the seller's confidential information.
A practice where the agent or brokerage represents only one party in a transaction — either the buyer or the seller, but never both.
A relationship where a listing broker authorizes other brokers to act as agents of the seller, extending the seller's agency relationship to cooperating brokers.
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