Agency and License Law Practice Question
Question
A salesperson notices a possible compliance problem for the Illinois Real Estate Broker Exam involving dual agency or limited representation and Illinois broker licensing structure. Which answer best reduces risk? (Item 117)
Answer choices
- A. Recognize consent and neutrality duties when one brokerage is involved with both sides in a way that fits Illinois exam practice.
- B. The party who complains first automatically receives the remedy requested.
- C. Escrow or closing staff automatically assume all brokerage agency and disclosure duties.
- D. The client’s preference eliminates the need to disclose known material facts.
Correct Answer
A. Recognize consent and neutrality duties when one brokerage is involved with both sides in a way that fits Illinois exam practice.
Explanation
The correct answer is A because dual agency or limited representation requires candidates to recognize consent and neutrality duties when one brokerage is involved with both sides. The Illinois reference keeps the scenario tied to state licensing practice, while the other options rely on unsafe assumptions about oral custom, escrow, client preference, independent licensee authority, or ignoring written duties.
Question details
- Difficulty: easy
- Domain: Agency and License Law
- Objective: dual agency or limited representation