Dual agency is permitted only with the informed written consent of all parties involved.
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
- Illinois uses DESIGNATED AGENCY as the default relationship within a brokerage.
- The sponsoring managing broker names specific designated agents to represent a client, not the whole firm.
- Two designated agents in the same firm can represent buyer and seller without it being treated as dual agency.
- Statutory duties to a client include loyalty, confidentiality, obedience, disclosure, reasonable care, and accounting.
- Dual agency is permitted only with the informed written consent of all parties involved.
- A broker may also act as a non-agent/transactional facilitator where allowed, providing services without full agency representation.
- Agency status should be disclosed to consumers as required under the License Act.
Illinois Agency Model Quick Reference: FAQs
Is Illinois Agency Model Quick Reference 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.
