Commercial Brokers Association

AB 1059 Dual Agency; Commercial Real Estate Transactions

AB 1059 seeks to prohibit an agent from acting as a dual agent in a commercial real estate transaction. This bill was introduced in February 2017, but was put on hold in April by the author. It has now been scheduled for a hearing on January 9, 2018.

The bill includes prohibition of a brokerage firm, broker, or any of its associate licensees from acting as an agent for both a seller and a buyer in the same commercial real estate transaction. The California Business Properties Association (CBPA), California Association of REALTORS® (C.A.R.), and other commercial real estate groups have expressed opposition to this legislation.

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