Sawyer Owens is reviewing an Illinois issue in Elgin. The person represents a seller client and asks what core duty structure applies. Which statement best applies?
Correct Answer
B) 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
An agency relationship where the agent agrees to act on behalf of the principal without receiving compensation.
An agency relationship created by the conduct or actions of the parties rather than by a written or oral agreement.
The legal obligation to reveal information that could affect a party's decision to enter into or the terms of a real estate transaction.
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