Agency
Illinois allows a licensee to act as a 'transaction broker' (sometimes called a facilitator). In this role, the licensee:
ARepresents both parties as full fiduciaries
BAssists both parties with the transaction but does not represent either party as a fiduciary agent✓ Correct
CCan only represent the seller
DMust be supervised by a managing broker at all times during the transaction
Explanation
Under the Illinois Real Estate License Act of 2000, a licensee may act as a 'transaction broker' or facilitator, assisting both parties with the mechanics of the transaction without establishing a fiduciary agency relationship with either. This is distinct from dual agency. As a transaction broker, the licensee does not owe full fiduciary duties but still must be honest and competent and must disclose known material defects.
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