BOMA San Francisco and BOMA California Advocate for the Industry - California Bill Banning Dual Agency Dies

Thanks to the quick work of BOMA California, the California Business Properties Association and BOMA San Francisco member leaders, a potentially harmful measure that targeted the commercial real estate industry has been defeated: AB 1059, Dual Agency Ban. Please read this article that explains why this measure was so egregious.

The collective industry effort was swift and focused over a few short weeks. Thank you to BOMA San Francisco President Wes Powell, the BOMA San Francisco Government Affairs Committee Chair Marty Smith and Vice Chair, Justin Sacco, and many other industry leaders from around the state for their efforts. 

The reaction and result is exactly why BOMA is so effective advocating for our members.

BOMA California had a lot of groundwork already laid as they predicted in 2016 that a bill would be introduced in 2017. They reached out to all California BOMAs for quick information from their respective members on how this bill would have impacted them. This data was important to help articulate why this was a bad idea and how it would have impacted tenants. 

AB 1059 Dual Agency Ban - http://leginfo.legislature.ca.gov/faces/billTextClient.xhtml?bill_id=201720180AB1059


This bill, with respect to a commercial real estate transaction, would prohibit an agent from acting as a dual agent in a commercial real estate transaction. The bill would prohibit 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 bill would prohibit a brokerage firm, broker, or any of its associated licensees from acting as a dual agent in connection with its representation of any principal.