Agency
Which of the following is NOT one of the duties a licensee owes to all parties (clients and customers) under Illinois law?
ATreating all parties honestly
BDisclosing latent material defects
CProviding undivided loyalty✓ Correct
DDisclosing agency relationships
Explanation
Undivided loyalty is a fiduciary duty owed only to the client (the party the broker represents), not to all parties. Duties owed to all parties include honest dealing, disclosure of agency relationships, and disclosure of latent material defects.
Related Illinois Agency Questions
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