IRVINE, CA—Jason Hughes, president and CEO of California commercial real estate brokerage company Hughes Marino, has helped promote a measure that resulted in a new law requiring commercial real estate broker disclosure.
State Bill 1171, first proposed by Hughes, and sponsored by State Senator Ben Hueso, was signed by Governor Jerry Brown on August 15.
Effective January 1, 2015, commercial real estate salespersons and brokers will need to provide, in writing, their exact proposed agency role in the future transaction. In addition, this disclosure will need to be signed by the potential client prior to moving forward with any representation.
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