Agency
Which of the following is NOT a fiduciary duty owed by an Illinois broker to their client?
ALoyalty
BObedience
CNeutrality between buyer and seller✓ Correct
DConfidentiality
Explanation
The traditional fiduciary duties owed by an agent to their principal include loyalty, obedience, disclosure, confidentiality, accounting, and reasonable care. Neutrality between buyer and seller is NOT a fiduciary duty — in fact, an agent owes loyalty to their client, which means actively advocating for them, not remaining neutral.
Related Illinois Agency Questions
- Illinois allows a licensee to act as a 'transaction broker' (sometimes called a facilitator). In this role, the licensee:
- A buyer's agent who negotiates a transaction is entitled to a commission from:
- The duty of 'accounting' in an agency relationship requires a real estate agent to:
- What is 'express agency' versus 'implied agency' in Illinois real estate?
- The duty of 'obedience' in a fiduciary relationship requires an agent to:
- A seller's broker who has a buyer interested in the property is required to disclose to the buyer:
- Which of the following is NOT one of the duties a licensee owes to all parties (clients and customers) under Illinois law?
- In Illinois, which of the following is permissible with written informed consent from both parties?
Practice More Illinois Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Illinois Quiz →