Under Illinois law, when must the dual-agency disclosure form be presented to a client, and when must it be signed?
Correct Answer
A) It must be presented at the time the brokerage agreement is entered into, and the client must sign it before the licensee begins acting as a dual agent.
Under 225 ILCS 454/15-45, the dual-agency disclosure form must be presented to the client at the time the brokerage agreement is entered into. However, the client's signature is not required at that moment — it must be obtained before the licensee actually begins acting as a dual agent. This two-stage approach ensures the client is informed early but allows signing to occur when dual agency becomes a real possibility.
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