Illinois Real Estate Exam Practice Question
In Illinois, when must the seller be given a copy of the accepted listing agreement?
Correct Answer: C
Rationale: In Illinois, a seller must receive a copy of the accepted listing agreement within 24 hours of signing. This requirement ensures that the seller is fully informed about the terms and conditions of the listing, promoting transparency in the real estate process.
Option A is incorrect because confirming listing information does not establish a timeframe for providing the agreement. Option B is misleading, as the listing's publication does not dictate when the seller should receive their copy. Option D is also wrong; the 48-hour timeframe pertains to broker approval, not the seller's receipt of the agreement. Timely communication is crucial for a successful transaction.
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