Agency
Under Illinois law, a broker who represents a buyer in a residential transaction must:
AProvide written buyer representation agreement only if required by the buyer
BHave a written buyer representation agreement signed before providing any brokerage services
CHave a written buyer representation agreement in place before presenting an offer✓ Correct
DOnly provide oral confirmation of the buyer representation arrangement
Explanation
Illinois requires that a written buyer representation agreement be in place before a broker presents an offer on behalf of a buyer. While brokers can begin providing information and showing property without a written agreement, the agreement must be signed before an offer is submitted.
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