Question 85

Designated agency is not allowed under the Illinois Real Estate License Act of 2000.

Under the Illinois Real Estate License Act of 2000, designated agency is explicitly prohibited, meaning real estate professionals cannot represent both parties in a transaction as designated agents.

A) may be expressed or implied

This option is incorrect because the Act does not allow for designated agency at all, whether expressed or implied. The law clearly states that designated agency is not a permissible arrangement in Illinois real estate transactions.

B) is limited to buyers

This statement is incorrect as designated agency does not apply to buyers or sellers under the Illinois Real Estate License Act. The Act prohibits designated agency entirely, making this option invalid.

C) is not allowed

This option is correct. The Illinois Real Estate License Act of 2000 explicitly prohibits designated agency, meaning that real estate agents cannot act as designated agents for both buyers and sellers in a transaction.

D) is limited to sellers

This option is incorrect because designated agency is not limited to sellers; in fact, it is not allowed at all under the Illinois Real Estate License Act. The Act does not permit designated agency for either party.

Conclusion

The correct answer is that designated agency is not allowed under the Illinois Real Estate License Act of 2000. All other options misinterpret the provisions of the Act, failing to recognize that designated agency is prohibited for both buyers and sellers, making them incorrect.