CA SB1171

Extends disclosure requirements for real estate agent relationships to commercial real property transactions, including leasehold interests, in addition to existing residential property requirements.

Adds definition of "commercial real property" as all real property except single-family residential, rental dwelling units, mobilehomes, and recreational vehicles.

Updates the definition of "real property" to explicitly include commercial real property and clarifies that disclosure rules apply to agents in these transactions.

Changes the article heading from "Duty to Prospective Purchaser of Residential Real Property" to "Duty to Prospective Purchaser of Real Property" to reflect expanded scope.

Requires listing and selling agents to disclose whether they represent the buyer exclusively, seller exclusively, or both parties as dual agents in all covered real property transactions.