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AgencyAgency_disclosures_and_compensation_policy_noticesMEDIUM

In January 2026, Blake Lopez is reviewing Illinois rules on agency disclosures and compensation policy notices in Oak Park. Each statement below reflects the current Illinois rule EXCEPT:

Correct Answer

A) Illinois prohibits every referral to any third party under all circumstances, as this answer frames the Illinois rule.

This choice is wrong because it does not reflect the controlling Illinois rule tested by this item. The accurate Illinois rule is explained in the correct answer. The other choices describe accurate Illinois rules.

Answer Options
A
Illinois prohibits every referral to any third party under all circumstances, as this answer frames the Illinois rule.
B
It must be presented when the brokerage agreement is entered into, although the client may sign then or any time before the licensee acts as a dual agent.
C
By default, the consumer is treated through designated agency unless a written agreement provides a different relationship.
D
A sponsoring broker entering a brokerage relationship for listing property or representing a person in a transaction must set out the relationship in a written brokerage agreement.

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Related Topics & Key Terms

Key Terms:

agencyagency_disclosures_and_compensation_policy_noticesbrokeragedefaultdesignated_agencydifficulty_3disclosure_requirementsdisclosure_timingdual_agencyillinois_statereferralreversethird_party_compensationwritten_agreement
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