58-30a03. Amount of lien; conditions.
58-30a03
58-30a03. Amount of lien; conditions.(a) Any broker shall have a lien on commercial real estatein the amount of the compensation as agreed upon by the broker andthe owneror the owner's agent, if:
(1) Such real estate is listed with the broker under terms of a writtenagreement signed bythe owner or the owner's agent; and
(2) the broker or salespersons retained by the broker have providedservicesthat resulted in the procuring of a person or entity ready, willing and able topurchase,lease or otherwise accept a conveyance of the commercial real estateas provided by such agreement which were otherwise acceptable to theownerorowner's agent as evidenced by a written agreement signed by the owner or theowner'sagent.
(b) A broker also shall have a lien on such commercial real estateif the broker has a written agreement with a persontorepresent such person in the purchase, lease or other conveyance to the buyerofsuch realestate when the broker becomes entitled to compensation pursuant to the writtenagreement.
History: L. 2005, ch. 179, § 3; July 1.