Which situation would NOT require dual agency disclosure in Illinois?
Correct Answer
D) Two different brokerages each represent one party in the transaction
When two different brokerages represent different parties, there is no dual agency situation requiring disclosure.
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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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