Agency
What is 'multiple representation' in Illinois real estate and what disclosures are required?
AAn agent representing multiple clients in unrelated transactions; no disclosure needed
BA situation where one agent or brokerage represents both parties in the same transaction; must be disclosed and both parties must give written informed consent✓ Correct
CA managing broker supervising multiple sponsored brokers; requires IDFPR filing
DA brokerage with multiple offices each serving different clients; no special disclosure
Explanation
Multiple representation (dual agency) occurs when one brokerage (through one or more agents) represents both the buyer and seller in the same transaction. Illinois requires written disclosure of this relationship to both parties and written consent from both before proceeding.
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