designated agency

What Is The Customary Form Of Agency Representation In Illinois?

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What Is The Customary Form Of Agency Representation In Illinois? Designated agency is standard in Illinois. The Act requires that at the beginning of the agency relationship: – The client receives documentation in writing that a designated agency relationship exists. … Dual agency must be disclosed to both the buyer and the seller, or landlord

What Is Designated Agency?

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What Is Designated Agency? A designated agency is one that represents both buyers’ and sellers’ interests. One agent, working for the broker or agency, represents the seller and another stands in for the buyer. It’s a requirement that certain procedures are put in place to ensure that client information is kept separate. Is Designated Agency