Will Disclosure Law Impact Full-Service Firms?

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SAN DIEGO—Those keeping up with legislative issues affecting brokerage in the California real estate market are probably aware of the newly amended dual-agency disclosure law. As GlobeSt.com reported in August 2014, the desire to protect tenants from disadvantages due to lack of transparency is what spurred proponents to push for the disclosure bill SB 1171, which went into effect Jan. 1. Earlier today, we posted a commentary from real estate law firm Allen Matkins explaining its perspective on the law and how it impacts commercial real estate. Here, we spoke with brokers from a few of the top full-service commercial real estate brokerage firms to get their take on how this amended law will impact the firms, their clients and the commercial real estate industry in California.