All exclusive brokerage agreements must be in writing and specify that the sponsoring broker, through one or more sponsored licensees, must provide, at a minimum, the following services:
         (1) accept delivery of and present to the client
    
offers and counteroffers to buy, sell, or lease the client’s property or the property the client seeks to purchase or lease;
        (2) assist the client in developing, communicating,
    
negotiating, and presenting offers, counteroffers, and notices that relate to the offers and counteroffers until a lease or purchase agreement is signed and all contingencies are satisfied or waived; and
        (3) answer the client’s questions relating to the
    
offers, counteroffers, notices, and contingencies.
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Terms Used In Illinois Compiled Statutes 225 ILCS 454/15-75

  • Answer: The formal written statement by a defendant responding to a civil complaint and setting forth the grounds for defense.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
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