Final answer:
The designated agency disclosure provided by Illinois licensee Sandra to Clint includes details on the relationship between the agent, client, and brokerage, the obligations of the agent, and information about any existing agency relationships within the transaction.
Step-by-step explanation:
Illinois licensee Sandra has provided her client, Clint, with a designated agency disclosure along with their brokerage agreement. The disclosure includes crucial information that the client should be aware of when engaging in a real estate transaction. Particularly, such a disclosure typically includes:
- An explanation of designated agency, clarifying the relationship between the agent, client, and brokerage.
- Details on the obligations and duties of a designated agent to the client, including but not limited to loyalty, confidentiality, and disclosure of material facts.
- Information about the agency relationship history and whether any dual or designated agency exists within the transaction.
It's important to note that these disclosures are meant to protect all parties involved in the transaction by ensuring that clients are fully informed about the type of representation they are receiving and any potential conflicts of interest.