Tenant Protection Spurs Disclosure Bill

IRVINE, CA—The desire to protect tenants from disadvantages due to lack of transparency is what spurred Jason Hughes, president and CEO of Hughes Marino, to push for the disclosure bill SB 1171. As GlobeSt.com reported last week, the bill, 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. GlobeSt.com spoke with Hughes about the importance of this bill, how it got passed and how other commercial real estate executives can be successful in getting important legislation to the forefront.

GlobeSt.com: How did the broker disclosure bill come about, and what was your role in getting it passed into law?