Designated Agency Disclosure
(Duplicated from FORM 339a (01/2024) COPYRIGHT ILLINOIS REALTORS®)
Designated Agency Disclosure
(Duplicated from FORM 339a (01/2024) COPYRIGHT ILLINOIS REALTORS®)
BUYER'S DESIGNATED AGENT'S DUTIES
(a) To use Buyer's Designated Agent's best efforts to identify properties listed in the multiple listing service or other
resource specifically identified by Buyer in writing that meet the Buyer's specifications relating to location, price,
features and amenities, as identified on the attached Buyer’s Information Checklist.
(b) To arrange for inspections of properties identified by the Buyer as potentially appropriate for acquisition.
(c) To advise Buyer as to the pricing of comparable properties.
(d) To assist Buyer in the negotiation of a contract acceptable to the Buyer for the acquisition of property.
(e) To provide reasonable safeguards for confidential information that the Buyer discloses to Buyer's Designated Agent.
SPONSORING BROKER'S DUTIES
(a) To provide Buyer's Designated Agent with assistance and advice as necessary in Buyer's Designated Agent's work
on Buyer's behalf.
(b) To make the managing broker or designated representative, available to consult with Buyer's Designated Agent as to Buyer's negotiations for the acquisition of real estate, who will maintain the confidence of Buyer's confidential information.
(c) To make other licensees affiliated with Sponsoring Broker aware of Buyer's general specifications for real property.
(d) As needed, to designate one or more licensees as Designated Agent(s) of Buyer.
BUYER'S DUTIES
(a) To complete the buyer's checklist which will provide Buyer's specifications for the real estate Buyer is seeking.
(b) To work with Buyer's Designated Agent to identify and acquire real estate during the time that this Agreement is in force.
(c) To supply relevant financial information that may be necessary to permit Buyer's Designated Agent to fulfill Agent's
obligations.
(d) To be available upon reasonable notice and at reasonable hours to inspect properties that seem to meet Buyer's specifications.
(e) To pay Sponsoring Broker according to the terms specified in Section 3 of this Agreement.