What is a legal action a sponsoring broker can take in Illinois?

In Illinois, a sponsoring broker can accept compensation from multiple parties as long as there is full disclosure provided to all involved parties. This is important because transparency helps to maintain ethical standards in real estate transactions. By disclosing that compensation will come from multiple sources, the broker ensures that all parties are aware of the financial relationships at play, which is vital for trust and integrity in real estate practices.

The other options present actions that violate legal and ethical standards. Placing a sign on a property without the seller's permission infringes on the property owner's rights, which can lead to legal issues. Informing buyers about secret price reductions could be considered deceptive, as it may mislead buyers regarding the true cost of the property. Lastly, paying a referral fee to an unlicensed individual is illegal, as it circumvents licensing requirements and can lead to penalties for the broker. Thus, only the option involving disclosure of compensation from multiple parties aligns with legal practices in real estate in Illinois.