Agency
An Illinois real estate broker is working as a buyer's agent when the buyer asks the broker to write an offer significantly below fair market value, hoping the seller will be motivated to accept. The broker should:
ARefuse to write the offer because it is an insult to the seller
BWrite the offer as directed because the broker's duty is to follow the buyer's lawful instructions✓ Correct
CSuggest to the seller's agent that the buyer will pay more if the seller declines
DWrite the offer only if the buyer agrees in writing that the low offer is their idea
Explanation
A buyer's agent's duty of obedience requires following all lawful instructions of the buyer-client—including writing a below-market offer. It is not the broker's role to second-guess the buyer's negotiating strategy.
Related Illinois Agency Questions
- An agent who is representing both the buyer and seller in the same transaction without full written consent from both parties has committed:
- Which of the following is NOT one of the duties a licensee owes to all parties (clients and customers) under Illinois law?
- If an Illinois broker represents both the buyer and seller in the same transaction as a dual agent, the broker MAY NOT do which of the following without the other party's consent?
- A buyer's broker who learns that their client has a maximum budget of $400,000 but the client is offering $360,000 on a property must:
- A seller's agent in Illinois learns that the seller is under significant financial pressure to sell quickly. What must the agent do with this information?
- What is 'buyer counseling' in Illinois real estate and why is it important?
- What is the primary difference between an exclusive right-to-sell listing and an exclusive agency listing in Illinois?
- In Illinois, if a buyer's agent shows their client a property listed by their own brokerage, what must occur?
Practice More Illinois Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Illinois Quiz →