Which of the following statements about Illinois agency disclosure and compensation requirements is NOT correct under current Illinois law?
Correct Answer
A) Illinois requires disclosure only of the broker's personal commission split with the sponsoring brokerage office.
Option A is incorrect because Illinois law does not require — or even contemplate — disclosure of the broker's internal commission split with the sponsoring office. That is an internal business arrangement between the licensee and the broker. What Illinois law does require is disclosure of compensation received from third parties and any referral fee arrangements that could affect the licensee's loyalty to the client. Conflating internal splits with third-party compensation disclosures misrepresents the actual statutory requirement.
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