At a training session in Naperville, Skyler Hayes represents a seller client and asks what core duty structure applies. Which answer is correct?
Correct Answer
A) A licensee representing a client must promote the client's best interests, keep confidential information confidential, and perform the brokerage agreement.
Illinois client representation includes loyalty-type duties such as promoting the client's best interests, confidentiality, and performance of the brokerage agreement.
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Related Topics & Key Terms
Key Terms:
Related Concepts
The fiduciary obligation to protect a client's private information and not disclose it to third parties without permission, surviving even after the agency relationship ends.
In real estate, a client is someone to whom the agent owes fiduciary duties through an agency relationship, while a customer is a third party to whom the agent owes only honesty and fair dealing.
An arrangement where a brokerage assigns separate agents within the firm to represent the buyer and seller in the same transaction, allowing each client to have dedicated representation.
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