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AgencySponsoring_broker_responsibilitiesMEDIUM

A sponsored licensee in Illinois wants to place advertising for a listed property in the local newspaper. Under Illinois law, what must be included in the advertisement?

Correct Answer

B) The sponsoring broker's name or registered trade name

Under Illinois law, all advertising by sponsored licensees must include the sponsoring broker's name or registered trade name to clearly identify the brokerage responsible for the transaction.

Answer Options
A
Only the sponsored licensee's name and license number
B
The sponsoring broker's name or registered trade name
C
Both the sponsored licensee's and sponsoring broker's license numbers
D
Only the property address and price

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Related Topics & Key Terms

Key Terms:

advertisingsponsoring brokersponsored licenseecompliance

Related Concepts

A relationship where a listing broker authorizes other brokers to act as agents of the seller, extending the seller's agency relationship to cooperating brokers.

A non-agency relationship where the broker facilitates a real estate transaction without representing either party, owing limited duties of honesty, fairness, and competence to both.

The legal principle that holds a broker responsible for the actions of their agents and employees performed within the scope of the agency relationship.

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