Dual agency is permitted only with the informed written consent of all parties.
Before you read
Test yourself first: 5 questions
Question 1 of 5
Which statute governs the licensing and conduct of real estate licensees in Illinois?
Answer: B. The Real Estate License Act of 2000 is the Illinois statute that governs the licensing, agency model, and conduct of real estate licensees.
Question 2 of 5
In Illinois, which agency relationship is presumed to exist by default when a licensee works with a consumer in a real estate transaction unless a written agreement provides otherwise?
Answer: B. Under the Real Estate License Act of 2000, Illinois uses designated agency as the default model. The sponsoring (managing) broker designates a specific licensee to act as the legal agent for the client, allowing the brokerage to represent both buyer and seller in-house through different designated agents.
Question 3 of 5
Which agency licenses and regulates real estate professionals in Illinois?
Answer: A. The Illinois Department of Financial and Professional Regulation (IDFPR), through its Division of Real Estate, licenses and regulates real estate licensees in Illinois.
Question 4 of 5
Which agency regulates real estate licensees in Illinois?
Answer: A. Real estate licensing in Illinois is administered by the IDFPR through its Division of Real Estate.
Question 5 of 5
Which agency regulates real estate licensing in Illinois?
Answer: B. Real estate licensing in Illinois is administered by the IDFPR through its Division of Real Estate.
Keep the streak going with more questions like these, each with a full rationale.
Must-know rules
- Default agency relationship in Illinois = DESIGNATED AGENCY.
- The sponsoring broker (firm) appoints individual licensees as designated agents for specific clients.
- Designated agents owe full fiduciary-type duties to their own client, not to the whole firm's clients.
- Other licensees in the same firm are NOT automatically agents of that client.
- Dual agency is permitted only with the informed written consent of all parties.
- Licensees may also work with consumers as customers (non-agency) when no agency is created.
- Agency duties continue until the transaction closes or the agreement terminates.
Illinois Agency Model Cheat Sheet: FAQs
Is Illinois Agency Model Cheat Sheet on the real estate exam?
Yes. State License Law is a scored domain on the Illinois real estate licensing exam, and this topic appears in the state license-law portion.
Is this cheat sheet free?
Yes — every page on Cinna RE's resource library is free to read, print and share. The app adds practice questions, mock exams and a readiness score.
Does Illinois test this differently?
Illinois applies its own license law on top of the national portion. This page covers the Illinois rules specifically, which is what the state section of your exam tests.
