A licensee agrees to represent a buyer who will pay a commission. The licensee finds the buyer a property that is listed with another real estate company. In Illinois, which of the following statements about this situation is true?

A dual agency situation occurs when a licensee represents both the buyer and the seller in the same transaction, which is not the case here. In this scenario, the licensee represents only the buyer, thus maintaining a single agency relationship rather than a dual agency.

The licensee has not violated the law simply by representing a buyer in a transaction involving a property listed by another firm. As long as the licensee adheres to the ethical and legal obligations of representation, no violation occurs in this situation.

Entitlement to a commission is not guaranteed simply by representing a buyer. Commissions are usually negotiated and agreed upon in advance, and unless there is a separate agreement with the seller or listing agent, the licensee cannot claim commission from both parties automatically.