Exclusive brokerage agreements

225 ILCS 454/15-75, under Agency Relationships.

225 ILCS 454/15-75

(225 ILCS 454/15-75)     (Section scheduled to be repealed on January 1, 2030)     Sec. 15-75.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