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AgencyAgency_disclosures_and_compensation_policy_noticesHARD

In October 2026, Logan Griffin asks what Illinois requires a licensee to disclose to a client about compensation policy. What is the most accurate answer under current Illinois rules?

Correct Answer

B) The licensee must disclose the sponsoring broker's compensation policy, including the terms of compensation and amounts offered to cooperating brokers who represent other parties.

Illinois requires disclosure of the sponsoring broker's compensation policy, including amounts offered to cooperating brokers representing other parties.

Answer Options
A
Illinois requires disclosure only of the broker's personal split with the office, according to this option.
B
The licensee must disclose the sponsoring broker's compensation policy, including the terms of compensation and amounts offered to cooperating brokers who represent other parties.
C
Illinois prohibits discussing amounts offered to cooperating brokers with a client, as this answer frames the Illinois rule.
D
Illinois requires compensation disclosure only if a transaction closes, under the rule stated in this choice.

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Key Terms:

agencyagency_disclosures_and_compensation_policy_noticesclient_noticecompensation_disclosuredifficulty_4disclosure_requirementsillinois_statescenario
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