AgencyMEDIUM
In Illinois, a broker acting as a dual agent must:
Correct Answer
B) Obtain written consent from both parties
Illinois law requires written consent from both parties before a broker can act as a dual agent, ensuring both parties understand the limited representation.
Answer Options
A
Only represent the sellerB
Obtain written consent from both partiesC
Refuse to complete the transactionD
Only disclose to the buyerVideo Explanation3 min
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Related Topics & Key Terms
Related Topics:
fiduciary-duties-in-real-estatedisclosure-requirements-illinoistypes-of-agency-relationships
Key Terms:
dual agencywritten consentIllinois Real Estate License Act225 ILCS 454fiduciary duty
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