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June 14, 2024
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Upcoming AIR Forms Review Event Discusses New State Law on Agent Disclosure of Dual Agency


AIR Commercial Real Estate Association (AIR) will be presenting another of its always heavily attended “Contract Forms Review” seminars on May 15 at the Double Tree by Hilton hotel in Anaheim.

This year’s event will take a close look at a new law that went into effect Jan. 1, 2015 requiring the disclosure of dual agency relationships in commercial real estate transactions. And, as always, the event will review updates to its popular portfolio of industrial and commercial real estate lease, purchase and sales forms, office and retail leases and addenda.

In fact, AIR has already published an “Agency Disclosure Form” in its package of forms that will be considered by attendees at the meeting.

A recent article published in AIR’s “AIRWaves” newsletter, authored by the firm of Greenberg Glusker, legal counsel for AIR, stated that while AIR lease forms and purchase agreements incorporate provisions that allow brokers to indicate when they are acting as dual agents , brokers should remember to proactively disclose their roles as dual agents when representing both buyers and sellers in the same commercial or residential transactions.

AIR’s Anaheim seminar will run from 7:30 a.m. with registration and continental breakfast until 5 p.m. Headlining the event will be Richard L. Riemer, Esq., AIR forms counsel, and real estate professional John Pagliassotti. They will review both current and latest AIR contract forms. The course is approved by the State Bar of California for seven total credit hours of minimum continuing legal education. Open to everyone, the cost of the seminar is $175 for AIR members and $195 for non-members. Lunch is provided as is a sample kit of all forms.

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