The Weekly Welcome

Real Estate with Michael Steber

Happy Monday ,

Let's be real — real estate can get confusing fast.
If you don't know who’s officially in your corner, you could end up making big decisions without the backup you deserve. (And nobody’s got time for that.) Knowing how real estate agency works isn’t just “paperwork stuff” — it’s how you make sure your agent is legally and loyally fighting for your best deal. Let’s dive in and make sure understand your rights when working with a Realtor in Illinois.

Fyi… join me IG for more fun stuff Here

What is a "Real Estate Agency"?

Think of agency like hiring an expert to represent you — similar to an attorney or stockbroker.
In real estate, an agent acts on your behalf to help you buy, sell, or lease a property.

By law, your agent owes you important duties that protect your best interests during the transaction.

How Representation Works: "Designated Agency" Explained

In Illinois, when you work with a real estate agent:

  • You are presumed to be represented by that specific agent (unless you agree otherwise in writing).

  • Other agents within the same company may represent the other side of your deal.

You'll also sign a brokerage agreement — it's official, but don’t worry — it just ensures that your assigned agent is committed to YOU!

Your Agent’s Duties to You

Your agent must:

  • Seek deals that match your needs

  • Present all offers to and from you

  • Disclose material facts they know (without breaking confidentiality)

  • Obey your lawful instructions

  • Keep your personal information private

  • Promote YOUR best interests above anyone else's

👉 Bottom Line: Your agent works for you, not for themselves or anyone else.

Customers vs Clients: What’s the Difference?

  • Clients (YOU, if you have an agreement) get full representation and loyalty.

  • Customers (those without a signed agreement) get basic information and help — but no fiduciary loyalty.

If you're a customer, be careful what you say, because the agent represents the other party, not you!

What About Dual Agency?

Sometimes, the same agent represents both sides (buyer and seller) — but only if both parties agree in writing.
In this case, the agent’s role becomes limited, meaning they can’t fully advocate for either side.

Good to know: You don’t have to agree to dual agency. It’s always your choice!

What Paperwork Should You Expect?

You should receive:

  • A written disclosure naming your designated agent

  • A brokerage agreement outlining the relationship

  • If dual agency applies: a separate disclosure and consent form

All of these documents can be provided electronically or on paper.

Why It Matters

Understanding who represents you (and how) is key to making smart, confident real estate decisions.
If you have any questions about how agency works — or want to talk about buying or selling this year — I'm here to help.

Events

Libertyville:

  • First Friday – May 2, 2025, 5:00 PM – 9:00 PM
    Enjoy refreshments, live music, and special promotions as downtown Libertyville shops stay open late for a fun evening stroll! Here

Grayslake:

  • Festival of Arts and Crafts – April 4-6, 2025
    Discover beautiful handmade crafts, local art, and unique gifts at the Lake County Fairgrounds. Here

Antioch:

  • Summer Concert Series Kickoff – June 8, 2025
    Kick off summer with live music under the stars at the Antioch Bandshell — family fun and free admission! Here

Gurnee:

  • Fatmans Season Opener Car Show – April 26, 2025, 9:00 AM – 2:00 PM
    Rev up your weekend with a huge display of classic cars, trucks, and motorcycles at Fatmans in Gurnee. Here

Have questions or need guidance? Reply to this email or text “HOME” to (224) 544-9080 for immediate assistance. I’d love to hear from you!

Wishing you a fantastic week ahead!

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