Agency
Under Illinois law, the agency disclosure document must be provided:
AOnly at closing
BOnly when a written contract is signed
CAt or before the first substantive contact✓ Correct
DOnly when the licensee represents the buyer
Explanation
Illinois law requires the agency disclosure document to be provided at or before the first substantive contact between a licensee and a consumer. This ensures consumers understand the nature of the agency relationship before any meaningful discussion of their needs.
Related Illinois Agency Questions
- In Illinois, which of the following is permissible with written informed consent from both parties?
- An Illinois broker who is representing a seller and finds a buyer who is unrepresented may work with the buyer as a:
- Under Illinois law, a written buyer-broker agreement is:
- In Illinois, what is the difference between an 'exclusive right to sell' listing and an 'exclusive agency' listing?
- The fiduciary duty of 'obedience' requires an agent to:
- In Illinois, 'informed consent' to dual agency must include:
- An Illinois seller signs a 'net listing' agreement, under which the broker keeps anything above a specified net amount as commission. Net listings are:
- Which of the following actions by a listing agent would be a breach of fiduciary duty to the seller?
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