Agency
In a designated agency relationship in Illinois, the designated agent owes fiduciary duties to:
AThe brokerage firm only
BBoth the buyer and the seller equally
COnly the client they are designated to represent✓ Correct
DThe managing broker exclusively
Explanation
In Illinois designated agency, the designated agent owes full fiduciary duties only to the client they are designated to represent. This allows two agents within the same firm to represent opposing parties without creating a dual agency, as long as confidential information is not shared.
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