Illinois License Law
What is the 'Illinois Disclosure of Representation' form used for?
AA form disclosing the broker's commission to all parties
BA form used by agents to disclose to consumers whether they represent the buyer, the seller, both (dual agency), or neither party✓ Correct
CA form required to disclose property defects in commercial transactions
DA form disclosing the agent's personal interest in any property they show
Explanation
The Illinois Disclosure of Representation form notifies consumers of the type of agency relationship the broker has in a transaction—whether they represent the seller, the buyer, both as a dual agent, or neither as a transaction broker. Illinois law requires brokers to disclose their agency status at the beginning of the relationship and when it changes. This helps consumers make informed decisions about representation.
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