AgencyAgency DisclosureMEDIUM
An Illinois real estate licensee is showing properties to a prospective buyer. At what point must the licensee provide written agency disclosure?
Correct Answer
B) At the first substantial contact regarding specific real property
Illinois law requires written agency disclosure at the first substantial contact regarding specific real property.
Answer Options
A
Before showing any propertiesB
At the first substantial contact regarding specific real propertyC
When the buyer decides to make an offerD
At the closing of the transactionWhy This Is the Correct Answer
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Why the Other Options Are Wrong
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Deep Analysis of This Agency Question
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Background Knowledge for Agency
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Real World Application in Agency
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Related Topics & Key Terms
Key Terms:
agency disclosuresubstantial contactwritten disclosure
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