(225 ILCS 454/15-75)
(Section scheduled to be repealed on January 1, 2020)
Exclusive brokerage agreements.
brokerage agreements must 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.
(Source: P.A. 93-957, eff. 8-19-04