(225 ILCS 454/15-25)
(Section scheduled to be repealed on January 1, 2030)
Sec. 15-25. Licensee's relationship with customers. Licensees shall treat all customers honestly and shall not negligently
or knowingly give
them false information. A licensee engaged by a seller client shall timely
disclose to customers
who are prospective buyers all latent material adverse facts pertaining to the
physical condition of
the property that are actually known by the licensee and that could not be
discovered by a
reasonably diligent inspection of the property by the customer. A licensee
shall not be liable to a
customer for providing false information to the customer if the false
information was provided to
the licensee by the licensee's client and the licensee did not have actual
knowledge that the
information was false. No cause of action shall arise on behalf of any person
against a licensee for
revealing information in compliance with this Section.
(Source: P.A. 101-357, eff. 8-9-19.)
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