- Official section
- National VI.A.3 and Illinois: Buyer brokerage agreements
- Broker weight
- 13% of the national broker portion
- Expected scored items
- Agency accounts for about 13 of 100 national items
Illinois exam glossary
Buyer brokerage agreement
A buyer agreement answers four questions before the search gets expensive: who represents the buyer, what work is included, how long the relationship lasts, and how the brokerage gets paid. The purchase contract cannot answer those questions because it governs a different relationship. Read the buyer agreement before judging loyalty, exclusivity, commission, or termination.
Last updated: August 1, 2026
What does this exam area cover?
Short answer: An Illinois buyer brokerage agreement is the written contract between a buyer and sponsoring broker for licensed purchase assistance and representation. It identifies the buyer, sponsor, and designated agents; states broker duties, compensation basis or amount and payment time, duration, expiration, signatures, and current fair-housing language. The writing comes before intended purchase assistance or as soon as reasonably practical after that activity. Exclusive agreements include statutory minimum services. Compensation is negotiable, does not determine agency, and cannot be changed through a purchase-contract shortcut.
This guide follows the PSI Illinois Candidate Information Booklet effective June 24, 2026, current 225 ILCS 454/1-10 and Sections 10-10, 15-15, 15-30, 15-35, 15-40, 15-50, and 15-75, and current 68 Ill. Adm. Code 1450.755, 1450.770, and 1450.775. Sources were checked through August 1, 2026, including Rule 1450.770 as amended July 13, 2026. Private MLS or association participation policies, brokerage procedures, federal settlement law, lender limits, relocation programs, new-construction forms, auctions, commercial acquisitions, entities, trusts, and powers of attorney can impose additional timing, form, compensation, or authority requirements.
What is on the official outline?
- Topic
- Identify the agreement
- What to know
- buyer brokerage, buyer representation, tenant agreement, exclusive, nonexclusive, showing agreement, property-specific agreement, search agreement, service contract, purchase contract, and compensation agreement
- Best exam move
- Separate the buyer-broker service relationship from the buyer-seller property bargain.
- Topic
- Name the parties
- What to know
- sponsoring broker, buyer, co-buyer, spouse, entity, trustee, investor, authorized signatory, designated agent, team, client, and signatures
- Best exam move
- The sponsoring broker contracts with every necessary buyer or authorized representative.
- Topic
- Meet the Illinois timing rule
- What to know
- written agreement, before licensed activity, intended assistance, purchase, showing, search, advice, offer, negotiation, as soon as reasonably practical, electronic writing, and no indefinite oral relationship
- Best exam move
- Use Rule 1450.770's actual state timing instead of a slogan detached from the facts.
- Topic
- Separate private policy
- What to know
- state law, MLS participation, association rule, brokerage policy, platform requirement, touring policy, showing access, earlier deadline, compliance layer, and fact-specific prompt
- Best exam move
- Apply a private rule only when the question supplies it; do not rewrite the Illinois administrative rule.
- Topic
- Define the search scope
- What to know
- residential, commercial, investment, geographic area, county, price range, property type, specific address, off-market, new construction, auction, lease, purchase, and exclusion
- Best exam move
- Test exclusivity and compensation only within the agreement's stated scope.
- Topic
- Name designated agents
- What to know
- sponsoring broker, one or more sponsored licensees, legal agent, exclusion of affiliates, reassignment, team coverage, disclosure, confidentiality, supervision, and client copy
- Best exam move
- Do not make every licensee in the company the buyer's agent.
- Topic
- State broker duties
- What to know
- property search, market information, showing, evaluation, CMA, offer preparation, negotiation, document transmission, contingency, communication, referral, closing support, and agreed limits
- Best exam move
- Match the promised services to the buyer's objective and the agent's legal competence.
- Topic
- State buyer duties
- What to know
- accurate finances, preapproval, availability, property feedback, timely decisions, inspection, lender, attorney, funds, exclusivity, cooperation, disclosure, compensation, and good-faith performance
- Best exam move
- A bilateral agreement gives the buyer duties as well as rights.
- Topic
- Apply exclusive minimum services
- What to know
- accept offers, present offers, counteroffers, develop, communicate, negotiate, notices, purchase agreement, contingencies, satisfied, waived, answer questions, omission, waiver, and nonexclusive result
- Best exam move
- Exclusive status requires all three Section 15-75 service categories.
- Topic
- Set compensation
- What to know
- negotiable basis, amount, flat fee, percentage, retainer, hourly fee, success fee, minimum, time of payment, source, credit, cooperating payment, buyer shortfall, and closing
- Best exam move
- Read what the buyer owes and how outside payment affects that obligation.
- Topic
- Separate source from duty
- What to know
- buyer payment, seller payment, listing broker payment, concession, rebate, closing credit, third party, disclosed source, compensation policy, no agency change, and settlement statement
- Best exam move
- Funding source does not determine whom the buyer agent represents.
- Topic
- Amend compensation correctly
- What to know
- amount, payment time, written amendment, buyer signature, sponsoring-broker signature, purchase contract, seller term, concession, revised fee, delivery, and record
- Best exam move
- Change the buyer agreement through its own signed writing, not through the property contract.
- Topic
- Set duration
- What to know
- start, automatic expiration, specific property, search period, extension, term longer than one year, annual termination, 30 days prior written notice, renewal, and calendar
- Best exam move
- Find the automatic end date or the current annual consumer exit right for longer terms.
- Topic
- Define exclusivity
- What to know
- sole representation, nonexclusive, overlapping agreement, geographic boundary, property exclusion, builder, open house, buyer direct contact, cooperating broker, referral, and breach
- Best exam move
- Do not treat exclusive as universal beyond the signed property and time scope.
- Topic
- Perform client duties
- What to know
- agreement performance, acceptable price and terms, timely offers, known material facts, accounting, lawful directions, best interest, reasonable skill and care, confidentiality, and legal compliance
- Best exam move
- Use Section 15-15 rather than following the highest compensation opportunity.
- Topic
- Protect buyer information
- What to know
- maximum price, urgency, financing ceiling, down payment, motivation, preferred terms, credit issue, family circumstance, business plan, permission, required disclosure, and post-termination survival
- Best exam move
- Keep bargaining leverage confidential unless the buyer authorizes disclosure or law requires it.
- Topic
- Manage same-property clients
- What to know
- same designated agent, two buyers, contemporaneous offers, same parcel, same unit, owner simultaneous review, written disclosure, referral request, another designated agent, price secrecy, and strategy
- Best exam move
- Disclose competing representation without revealing either buyer's offer.
- Topic
- Screen dual agency
- What to know
- listing agent, unrepresented buyer, buyer agreement, same licensee, seller client, informed written consent, all clients, transaction confirmation, limited advocacy, withdrawal, and ownership prohibition
- Best exam move
- A listing agent needs a buyer agreement and full Section 15-45 compliance before buyer-side licensed representation.
- Topic
- Terminate and protect
- What to know
- completion, expiration, mutual release, breach, revocation, renunciation, protection period, residential four units or fewer, new valid written agreement, another sponsoring broker, accounting, confidentiality, and pending purchase
- Best exam move
- Separate ending representation from any surviving compensation, contract, money, property, or secrecy duty.
- Topic
- Preserve the file
- What to know
- signed agreement, agency disclosure, compensation disclosure, fair-housing clause, amendments, searches, showings, offers, counteroffers, notices, referral, termination, electronic backup, and five-year retention
- Best exam move
- Keep the agreement and complete evidence of performance, disclosure, and ending.
Which distinctions produce the most mistakes?
- Terms
- Buyer agreement vs. purchase contract
- Difference
- The buyer agreement hires the sponsoring broker. The purchase contract binds buyer and seller on the property transaction.
- Question cue
- Representation service versus acquisition bargain.
- Terms
- Buyer client vs. buyer customer
- Difference
- A buyer client is represented by the designated buyer agent. A buyer customer is unrepresented by the licensee dealing with that buyer.
- Question cue
- Advocacy versus no advocacy.
- Terms
- Exclusive vs. nonexclusive buyer agreement
- Difference
- Exclusive gives one sponsoring broker sole representation within scope. Nonexclusive permits other relationships as its terms allow.
- Question cue
- One broker versus shared opportunity.
- Terms
- State timing vs. private touring policy
- Difference
- Illinois Rule 1450.770 sets the legal timing. An MLS or brokerage can impose an additional earlier contractual or participation requirement.
- Question cue
- Government rule versus private layer.
- Terms
- Compensation obligation vs. payment source
- Difference
- The agreement defines what the buyer owes. Funds from a seller, listing brokerage, or credit may satisfy some or all only as the agreement allows.
- Question cue
- Debt term versus funding source.
- Terms
- Compensation disclosure vs. fee amendment
- Difference
- Disclosure explains policy and sources. An amendment changes amount or payment time and requires signatures of the agreement parties.
- Question cue
- Explain pay versus change pay.
- Terms
- Designated agent vs. sponsoring broker
- Difference
- The designated agent is the named legal representative. The sponsoring broker is the brokerage-agreement party and compensation recipient.
- Question cue
- Individual representative versus firm contract party.
- Terms
- Showing assistance vs. buyer representation
- Difference
- Showing access is one service. Representation adds the written relationship, agency duties, scope, compensation, and advocacy.
- Question cue
- Door access versus client relationship.
- Terms
- Search scope vs. exclusivity
- Difference
- Scope defines properties, geography, and transactions covered. Exclusivity decides whether another brokerage may represent the buyer within that scope.
- Question cue
- What is covered versus who alone serves.
- Terms
- Expiration vs. termination
- Difference
- Expiration arrives at the agreed end date. Termination ends the agreement through another contract or legal event.
- Question cue
- Calendar end versus other end.
- Terms
- Duration vs. protection period
- Difference
- Duration is active representation. A protection period is a limited post-termination compensation clause tied to a later acquisition.
- Question cue
- Active service versus tail fee.
- Terms
- Buyer agent vs. dual agent
- Difference
- A buyer agent represents only the buyer side. A dual agent is the same licensee representing buyer and seller with informed written consent.
- Question cue
- One side versus both sides.
The B-U-Y-E-R check
- Brokerage parties: identify the sponsoring broker, all buyers or authorized signers, designated agents, objective, client status, and any other active agreement.
- Understand scope: define purchase or lease, geography, property type, named exclusions, price range, services, authority, exclusivity, and private showing or MLS policies.
- Your money terms: state compensation basis or amount, payment time, possible outside sources, buyer shortfall, credits, rebates, retainer treatment, earning event, and written amendment process.
- Execution and duties: obtain signatures at the Rule 1450.770 time, include fair-housing language, perform Section 15-15 and any exclusive minimum services, and stay within professional limits.
- Relationship conflicts: screen contemporaneous buyers, overlapping exclusivity, listing-side representation, dual agency, referral interests, bonuses, builder incentives, and confidential information.
- Resolution and records: track automatic expiration, annual 30-day exit for longer terms, termination, protection-period exception, pending purchases, accounting, confidentiality, amendments, and five-year retention.
- Required layer
- Parties
- What to find
- Sponsor, agents, buyers
- Exam error
- Naming agent only
- Required layer
- Payment
- What to find
- Basis or amount and time
- Exam error
- Assuming seller pays
- Required layer
- Duties
- What to find
- Broker services
- Exam error
- Vague assistance
- Required layer
- Duration
- What to find
- Expiration or annual exit
- Exam error
- Perpetual term
- Required layer
- Signatures
- What to find
- Sponsor and buyers
- Exam error
- Unsigned agreement
- Required layer
- Compliance
- What to find
- Fair housing and minimum services
- Exam error
- Waived exclusive duties
How do the rules work in scenarios?
Agreement follows as soon as practical
Scenario: A buyer unexpectedly calls from outside an open house and asks a broker to identify available comparable homes. The broker provides brief licensed assistance, then sends and completes the written buyer agreement at the first reasonably practical opportunity that afternoon.
- The activity was intended to assist a purchase.
- Rule 1450.770 allows writing before or as soon as reasonably practical after the activity.
- The broker did not leave the relationship oral indefinitely.
Answer: The timing can satisfy the state rule on the stated facts.
Indefinite oral search
Scenario: An agent shows a buyer 18 homes over six weeks, advises on price, and prepares market analyses without any written buyer agreement.
- The activities are intended to assist a purchase.
- Six weeks is not the rule's prompt written sequence.
- Current law requires brokerage agreements to be written.
Answer: The agent has not complied with the writing requirement.
Seller funds part of compensation
Scenario: The buyer agreement states a $9,000 buyer obligation reduced by any $6,000 payment the brokerage receives from the seller side. The seller-side payment is made at closing.
- The buyer agreement defines both obligation and credit.
- The outside payment reduces the buyer obligation as written.
- Payment source does not change buyer agency.
Answer: The buyer owes the remaining $3,000 unless another valid term changes the calculation.
Fee changed in the offer
Scenario: A buyer and sponsoring broker agree to a fee. The agent later writes a lower buyer-broker fee into the purchase offer but does not obtain a signed amendment to the buyer agreement.
- The purchase offer governs buyer and seller.
- The fee agreement is between buyer and sponsoring broker.
- Rule 1450.770 requires a signed written brokerage amendment.
Answer: The offer does not properly amend the buyer agreement.
Exclusive agreement waives negotiation
Scenario: An agreement calls itself exclusive but says the broker will not help develop or negotiate offers, present notices, or answer contingency questions.
- Section 15-75 makes those services part of the exclusive minimum package.
- The agreement attempts to waive them.
- The current rule treats it as nonexclusive.
Answer: The agreement does not retain exclusive status.
Two buyer clients, one condominium
Scenario: One designated agent prepares offers for two buyer clients on the same unit and knows the seller will review both together.
- The offers are contemporaneous.
- Each affected client receives written disclosure.
- A requesting client must be referred to another designated agent.
Answer: Disclose the conflict without revealing either offer's terms.
Protection period and new broker
Scenario: A buyer agreement covering one-to-four-unit residential property ends with a protection clause. During that period, the buyer enters a valid written agreement with another sponsoring broker and purchases a covered home.
- The current rule reaches each brokerage agreement for residential property of four units or fewer with a protection period.
- A valid new written brokerage agreement exists during the period.
- The required clause states no commission or fee is due under the former agreement in that situation.
Answer: The former protection clause cannot produce a fee on the stated facts.
What are the common exam traps?
- Trap
- Waiting until an offer after months of service
- Correction
- Complete the writing before intended assistance or as soon as reasonably practical after it.
- Trap
- Treating private policy as the state statute
- Correction
- Identify which rule the question asks about and apply each layer separately.
- Trap
- Naming only the salesperson
- Correction
- The sponsoring broker is the agreement party and the sponsored agent is designated.
- Trap
- Assuming the seller always pays
- Correction
- Read the buyer's compensation obligation and any credit for outside payment.
- Trap
- Following the funding source
- Correction
- Seller-side funding does not turn the buyer's designated agent into a seller's agent.
- Trap
- Changing fees in the purchase offer
- Correction
- Use a written amendment signed by buyer and sponsoring broker.
- Trap
- Ignoring search scope
- Correction
- Read property type, geography, named addresses, exclusions, objective, and term.
- Trap
- Treating exclusive as unlimited
- Correction
- Exclusivity operates only within the agreement's scope and duration.
- Trap
- Waiving minimum services
- Correction
- An exclusive buyer agreement must include all Section 15-75 service categories.
- Trap
- Hiding same-property clients
- Correction
- Give written contemporaneous-offer disclosure and refer a requesting client.
- Trap
- Revealing the buyer's maximum
- Correction
- Protect confidential bargaining information without permission or legal need.
- Trap
- Creating undisclosed dual agency
- Correction
- The same licensee needs written buyer representation, all-client consent, and transaction confirmation.
- Trap
- Using an indefinite duration
- Correction
- Require automatic expiration or the annual 30-day written exit for longer terms.
- Trap
- Assuming every tail fee survives
- Correction
- Apply the current residential valid-new-brokerage-agreement exception.
- Trap
- Deleting the expired agreement
- Correction
- Retain brokerage and transaction records for five years under the current rule.
Can you answer these original practice questions?
These questions are original study items aligned to the published outline. They are not copied, recalled, or predicted PSI questions.
1. Who are the parties to an Illinois buyer brokerage agreement?
- The sponsoring broker and buyer
- The buyer and property seller
- The appraiser and lender
- The county and buyer
Show answer and explanation
Answer: The sponsoring broker and buyer
The agreement also names the designated agent or agents.
2. When does Rule 1450.770 require the buyer agreement?
- Before intended licensed assistance or as soon as reasonably practical after
- Only after closing
- Only after inspection
- Only when seller pays
Show answer and explanation
Answer: Before intended licensed assistance or as soon as reasonably practical after
An indefinite oral relationship does not satisfy the current rule.
3. What compensation terms must the agreement state?
- Basis or amount and time of payment
- Only an assumed customary rate
- Only the seller's net
- Only property taxes
Show answer and explanation
Answer: Basis or amount and time of payment
Compensation is negotiable and must be explicit.
4. Does a seller payment determine buyer agency?
- No
- Yes
- Only for cash
- Only at closing
Show answer and explanation
Answer: No
Section 15-40 separates compensation from agency.
5. Can a purchase offer change the agreed buyer-broker fee?
- No
- Yes
- Only if seller initials
- Only by email
Show answer and explanation
Answer: No
A signed written amendment by the brokerage-agreement parties is required.
6. What does exclusive buyer representation add?
- Sole representation within scope plus minimum services
- Automatic title
- Guaranteed loan approval
- Seller loyalty
Show answer and explanation
Answer: Sole representation within scope plus minimum services
The exact scope, term, and exclusions still control.
7. What happens if an exclusive agreement waives all negotiation assistance?
- It is treated as nonexclusive under the current rule
- It becomes a deed
- It renews automatically
- It doubles compensation
Show answer and explanation
Answer: It is treated as nonexclusive under the current rule
Section 15-75 minimum services cannot be omitted or waived while keeping exclusive status.
8. What information should a buyer agent ordinarily keep confidential?
- The buyer's maximum price
- A fact law requires disclosed
- A recorded deed
- The public list price
Show answer and explanation
Answer: The buyer's maximum price
It is negotiating leverage received from the client.
9. What longer-term consumer right does the current rule require?
- Annual termination on 30 days' prior written notice
- Permanent no-exit term
- Daily commission changes
- Automatic dual agency
Show answer and explanation
Answer: Annual termination on 30 days' prior written notice
The rule applies when the agreement's duration is longer than one year.
10. Which duties ordinarily survive buyer-agreement termination?
- Accounting and confidentiality
- Unlimited new showings
- Permanent offer writing
- Automatic renewal
Show answer and explanation
Answer: Accounting and confidentiality
Pending transaction and protection terms may also require analysis.
How should you study this area?
- Session
- Session 1
- Focus
- Separate relationship documents
- Proof you are ready
- Classify 40 buyer agreement, showing agreement, purchase contract, seller concession, commission amendment, agency disclosure, dual consent, preapproval, inspection, and closing documents.
- Session
- Session 2
- Focus
- Master current Illinois terms
- Proof you are ready
- Audit 40 timing, sponsor, buyer, designated-agent, signature, duties, compensation, payment-time, duration, expiration, fair-housing, and annual-exit facts.
- Session
- Session 3
- Focus
- Control scope and exclusivity
- Proof you are ready
- Review 35 exclusive, nonexclusive, geography, property type, named address, builder, open house, overlap, private policy, minimum-service, and breach scenarios.
- Session
- Session 4
- Focus
- Calculate compensation
- Proof you are ready
- Solve 35 buyer obligation, flat fee, percentage, retainer, seller funding, listing-broker payment, concession, shortfall, rebate, earning, payable, and amendment questions.
- Session
- Session 5
- Focus
- Resolve conflicts and endings
- Proof you are ready
- Audit 35 contemporaneous buyers, dual agency, confidentiality, bonus, referral, termination, expiration, protection period, new broker, pending purchase, accounting, and records.
- Session
- Session 6
- Focus
- Run B-U-Y-E-R
- Proof you are ready
- Audit two Illinois buyer files, score at least 90 percent, and state parties, scope, money, execution, conflicts, and ending aloud.
Do not count recognition as mastery. Close the notes and explain the rule, apply it to a new fact pattern, and identify why each distractor fails.
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Questions students ask about Buyer Brokerage Agreement: Illinois Exam Guide
What is a buyer brokerage agreement?
It is the written service contract through which a buyer hires a sponsoring broker for representation in locating, evaluating, negotiating for, or purchasing real estate. It names the buyer, sponsoring broker, and designated agents; states duties, scope, authority, compensation, duration, exclusivity, termination, and other terms; and creates a relationship separate from the buyer-seller purchase contract.
Does Illinois require a written buyer brokerage agreement?
Yes. Current Illinois law requires all brokerage agreements to be written. Rule 1450.770 requires the licensee to enter the buyer agreement before engaging in licensed activity intended to assist the purchase, or as soon as reasonably practical after performing that activity. The state rule does not support an indefinite oral buyer relationship.
Must an Illinois buyer sign before touring a home?
Apply the current state rule to the facts: the writing comes before licensed activity intended to assist the purchase, or as soon as reasonably practical after that activity. A brokerage, MLS, association, or showing platform can impose an earlier private-policy deadline. On a state-law exam question, use Rule 1450.770 unless the facts expressly add a separate policy.
What must an Illinois buyer agreement contain?
Whether exclusive or nonexclusive, it must state the agreed compensation basis or amount and payment time; name the sponsoring broker, designated agents, and buyers; contain the sponsoring broker's and buyers' or authorized signatories' signatures; state the buyer broker's duties; and give the duration with an automatic expiration date or, for a term longer than one year, an annual termination right on 30 days' prior written notice. Every brokerage agreement also needs the current fair-housing statement.
What is an exclusive buyer brokerage agreement?
It grants the sponsoring broker the sole right to represent the buyer within the stated property, geographic, transaction, and time scope. Illinois requires exclusive buyer agreements to contain the Section 15-75 minimum services. A provision omitting or waiving those services causes the agreement to be treated as nonexclusive under the current rule.
Who pays the buyer's broker in Illinois?
The buyer agreement states the buyer's compensation obligation, basis or amount, and payment time. Funds may come from the buyer, a seller or listing brokerage, transaction credits allowed by the contract and lender, or another disclosed source. Any outside payment is applied only as the agreement provides. Section 15-40 says compensation source does not determine agency.
Can buyer broker compensation be changed in the purchase contract?
No. Rule 1450.770 requires an amendment concerning the agreed commission amount or payment time to be written and signed by the parties to the brokerage agreement. It expressly bars using a real estate contract form to change previously agreed commission-payment terms. A seller concession or third-party payment term may affect funding without rewriting the buyer-broker agreement unless that agreement is properly amended.
What duties does an Illinois buyer agent owe the buyer?
Section 15-15 requires performance of the agreement; pursuit of acceptable price and terms; timely presentation of offers unless waived; disclosure of actually known material transaction facts unless confidential; accounting; lawful obedience; promotion of the buyer's best interest over self-interest; reasonable skill and care; confidentiality; and compliance with applicable law. The exact service scope also comes from the writing.
Can a buyer have more than one brokerage agreement?
A nonexclusive agreement may permit multiple broker relationships within its terms. An exclusive agreement gives one sponsoring broker the sole right within its scope, so signing an overlapping second agreement can create conflict or compensation exposure. Compare geography, property type, named properties, transaction objective, term, exclusivity, protection period, and termination before assuming two agreements can coexist.
What happens when a buyer agreement ends?
Active search and negotiation duties generally end through expiration, completed performance, mutual termination, or another contract or legal event. Unless the writing provides otherwise, Section 15-30 preserves accounting and confidentiality. A protection period can also affect post-termination compensation, subject to the current Rule 1450.770 exception when a valid written agreement with another sponsoring broker is entered during the protection period for residential property of four units or fewer.
Are these official PSI questions or legal advice?
No. The practice questions are original. The PSI Illinois outline, current statutes, and current rules were checked through August 1, 2026, including Rule 1450.770 as amended July 13, 2026. This is exam education, not legal, brokerage, compensation, agency, fair-housing, lending, tax, or transaction advice. A live relationship requires the signed agreement, designation, compensation disclosures, search scope, purchase contract, payment arrangements, amendments, termination evidence, and sponsoring-broker supervision.
Primary sources
- PSI Illinois Candidate Information Booklet effective June 24, 2026
- Illinois General Assembly, 225 ILCS 454/1-10 current brokerage-agreement, exclusive-agreement, compensation, client, and designated-agency definitions
- Illinois General Assembly, 225 ILCS 454/15-15 duties to buyer clients
- Illinois General Assembly, 225 ILCS 454/15-30 duties after termination or expiration
- Illinois General Assembly, 225 ILCS 454/15-35 designated agency and compensation-policy discussion
- Illinois General Assembly, 225 ILCS 454/15-40 compensation does not determine agency
- Illinois General Assembly, 225 ILCS 454/15-50 written brokerage agreements and designated agency
- Illinois General Assembly, 225 ILCS 454/15-75 exclusive buyer-agreement minimum services
- Illinois General Assembly, 225 ILCS 454/10-10 compensation policy, sources, interests, and both-side payment disclosures
- Illinois Joint Committee on Administrative Rules, 68 Ill. Adm. Code 1450.770, amended July 13, 2026
- Illinois Joint Committee on Administrative Rules, 68 Ill. Adm. Code 1450.755 records and five-year retention
- Illinois Joint Committee on Administrative Rules, 68 Ill. Adm. Code 1450.775 signed physical and electronic documents
- Illinois General Assembly, 5 ILCS 175/5-120 electronic records and signatures
The current official outline controls the tested scope. Statutes, regulations, and official agency materials control when a general study rule and a jurisdiction-specific rule differ.
Editorial status
Checked against primary sources
The Pass Illinois editorial team last checked this guide on August 1, 2026. Every practice question is an original study item, and the source links above let you verify the rules that support the lesson.