(Section scheduled to be repealed on January 1, 2030)

122 words·~1 min read·/il/chapter-225/act-454/1-29

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Sec. 15-75. Exclusive brokerage agreements. All exclusive brokerage agreements must be in writing and specify that the sponsoring broker, through one or more sponsored licensees, must provide, at a minimum, the following services:

(1)accept delivery of and present to the client offers and counteroffers to buy, sell,

or lease the client's property or the property the client seeks to purchase or lease;

(2)assist the client in developing, communicating, negotiating, and presenting offers,

counteroffers, and notices that relate to the offers and counteroffers until a lease or purchase agreement is signed and all contingencies are satisfied or waived; and

(3)answer the client's questions relating to the offers, counteroffers, notices, and

contingencies.