Illinois Real Estate Exam Practice Question
A real estate licensee is a partial owner of a local inspection company. It is permissible for the licensee to tell all clients to use this company when
Correct Answer: D
Rationale: When a real estate licensee has a financial interest in a service provider, such as an inspection company, transparency is essential to maintain ethical standards and comply with legal requirements. Disclosing the ownership interest (Option D) ensures clients are informed and can make decisions without any conflicts of interest.
Option A is misleading; while acting in the client's best interest is crucial, it does not negate the need for disclosure. Option B is irrelevant; lack of knowledge about other companies does not justify not disclosing ownership. Option C assumes that silence suffices, but clients deserve complete information to make informed choices.
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