(225 ILCS 454/15-75)
(Section scheduled to be repealed on January 1, 2030)
Exclusive brokerage agreements.
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.
(Source: P.A. 101-357, eff. 8-9-19.)