Illinois Real Estate Exam Practice Question
Which of the following may a sponsoring broker legally do in Illinois?
Correct Answer: B
Rationale: Option B is valid as Illinois law permits brokers to accept compensation from multiple parties, provided full disclosure is given. This ensures transparency and maintains trust in the transaction.
Option A is incorrect because placing a sign on a property without the seller's permission violates property rights and could lead to legal issues.
Option C is misleading; brokers cannot disclose a seller's willingness to accept less than the listed price without consent, as it breaches confidentiality.
Option D is not allowed, as paying a finder's fee to an unlicensed individual for referrals contravenes licensing regulations in Illinois.
Unlock All Questions
Subscribe to Premium for full access to all practice questions, detailed rationales, and performance tracking.
Subscribe Now