Illinois Real Estate Exam Practice Question
In Illinois, dual agency
Correct Answer: C
Rationale: Dual agency occurs when a single agent represents both the buyer and the seller in a transaction. It is essential that both parties understand this arrangement, as it can create conflicts of interest. Option A is incorrect; dual agency does not imply that an agent must give 200%. Option B is misleading; sub-agency involves a different relationship where one agent represents another agent's client, not dual representation. Option D is also wrong; while there are specific rules regarding licensees, dual agency is not outright prohibited in such cases, but transparency is crucial.
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