Ace the Illinois Real Estate Exam 2025 – Unlock Your Property Pro Potential!

Question: 1 / 400

In what situation can a broker sign the real estate sale contract on behalf of the seller?

If the broker has a power of attorney

A broker can sign a real estate sale contract on behalf of the seller if the broker has a power of attorney. A power of attorney is a legal document that gives someone the authority to act on another person's behalf in legal or financial matters, including signing contracts. This authority is granted to the broker explicitly through the document, ensuring that they have the necessary permissions to make decisions and sign agreements for the seller.

In contrast, simply being related to the seller, being a licensed attorney, or being a family friend does not inherently grant the broker the legal authority to sign contracts. These situations do not provide the required formal permission outlined in a power of attorney and therefore do not allow the broker to sign a real estate sale contract on behalf of the seller without that explicit designation.

Get further explanation with Examzify DeepDiveBeta

If the broker is related to the seller

If the broker is a licensed attorney

If the broker is a family friend of the seller

Next Question

Report this question

Download Illinois Real Estate Practice Exam PDF Study Guide
Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy