Which answer best states the Illinois rule on client vs customer as tested in sponsored licensee scope and supervision?
Correct Answer
B) No. Some consumers are customers rather than clients, and the full fiduciary-style duties of representation attach only when there is a client relationship.
Illinois distinguishes clients from customers and ties representation duties to the nature of the relationship.
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Related Topics & Key Terms
Key Terms:
Related Concepts
A situation where a single agent or brokerage represents both the buyer and the seller in the same real estate transaction.
An agency relationship created by a clear, explicit agreement between the principal and agent, either orally or in writing.
The highest legal obligation of trust and confidence owed by an agent to their principal, requiring the agent to act solely in the principal's best interest.
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