Illinois Real Estate Exam Practice Question
Under the Illinois Real Estate License Act of 2000, which of the following requires the owner’s written consent?
Correct Answer: D
Rationale: Placing a 'For Sale' sign on the property requires the owner's written consent, as it directly indicates the owner's intention to sell and publicly advertises the property. This protects the owner's rights and interests.
Option A, placing a lock box, typically requires consent but may fall under standard practices where implied consent is assumed. Option B, showing a home for sale, often occurs with verbal permission from the owner or through a listing agreement. Option C, performing a competitive market analysis, usually does not require consent since it involves research rather than directly impacting the property itself.
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