Which of the following statements about Illinois agency disclosure and compensation policy rules is NOT accurate?
Correct Answer
D) Unless a brokerage agreement is established, a consumer is treated as a customer rather than a client under Illinois agency law.
Under the Illinois Real Estate License Act (225 ILCS 454), a consumer who has not entered into a brokerage agreement is treated as a customer, not a client. This distinction matters because clients receive fiduciary-level duties while customers receive only limited ministerial services. The statement in D incorrectly implies this default status does not exist under Illinois law, making it the inaccurate statement.
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