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AgencyDesignated_agency_and_dual_agency_consentEASY

Under Illinois designated agency, who serves as the legal agent of the client?

Correct Answer

A) The sponsored licensee specifically named by the sponsoring broker to represent that client.

Under 225 ILCS 454/15-75, designated agency allows a sponsoring broker to designate one or more specific sponsored licensees to act as the legal agent of a particular client. It is the named designated agent — not the sponsoring broker personally — who owes full fiduciary duties to that client, which is the defining feature that distinguishes designated agency from traditional brokerage agency.

Answer Options
A
The sponsored licensee specifically named by the sponsoring broker to represent that client.
B
The sponsoring broker personally, because the broker holds ultimate legal responsibility for all transactions.
C
All licensees affiliated with the sponsoring broker equally, because they share a single agency relationship with every client.
D
The client's attorney, who assumes the agency role once a contract is executed.

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Related Topics & Key Terms

Key Terms:

agencydefinitionsdesignated_agency_and_dual_agency_consentdesignated_agency_ildesignated_agentdifficulty_2illinois_statescenario

Related Concepts

The legal ending of an agency relationship, which can occur through completion, expiration, mutual agreement, breach, death, incapacity, or bankruptcy of either party.

The fiduciary obligation to protect a client's private information and not disclose it to third parties without permission, surviving even after the agency relationship ends.

In real estate, a client is someone to whom the agent owes fiduciary duties through an agency relationship, while a customer is a third party to whom the agent owes only honesty and fair dealing.

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