Wick & Trautwein, LLC
Call Today
Local: 970-237-5694
Toll Free: 866-686-1410

What is a commercial broker lien?

Commercial broker liens help real estate agents or brokers ensure that they can recover any commissions following the sale of a property. In most cases, when such a law is present, commercial brokers can put a lien on the property that is not satisfied until commissions are paid in full.

Obviously, a lien on a commercial property is a big deal. Liens can dramatically limit what you can do with a property, particularly if you intended to sell it. They can also get in the way when you want to develop a property as you might need to show a clear title to the property is present.

Broker lien laws are handled on a state-by-state basis, adding to the legal issues you might face as a commercial developer or real estate investor. If you deal in properties in multiple states, you could deal with multiple versions of lien law. In some cases, there isn't a broker lien law at all.

Brokers also aren't the only ones who can put a lien against a property. Mechanic's liens allow contractors or other providers to put liens against some properties if they performed work on the property for which they were never paid.

Two types of legal issues might arise out of this type of lien structure. You may find yourself with a property that has a lien on it and you don't agree with the lien in question. Perhaps you don't believe that the total commission or contractor charges were correct. In other cases, you might end up with a property with an old lien against it from a previous owner. Title and lien research can help reduce such risks. Whether your are buying new commercial property or dealing with an existing lien, working with a real estate lawyer can help you understand your rights and what options you have for moving forward.

Source: Realtor.rog, "Field Guide to Commercial Broker Lien Laws," accessed July 29, 2016

No Comments

Leave a comment
Comment Information
  • Lead Counsel Rated | LC
  • BBB | Accredited Business
  • 10 Best 2017 Attorney | Client Satisfaction | American Institute Of Family Law Attorneys
  • Preeminent AV | LexisNexis Martindale-Hubbell | PeerReviewRated
  • Best's Client Recommended Insurance Attorneys Listed Over 25 Year
  • Expertise Best car accident Attorneys in fort collins 2018

Fort Collins Office
323 South College Avenue #3
Fort Collins, CO 80524

Toll Free: 866-686-1410
Phone: 970-237-5694
Fax: 970-482-8929
Fort Collins Law Office Map

Windsor Office
421 Main Street
Windsor, CO 80535

Toll Free: 866-686-1410
Windsor Law Office Map

Review Us
Providing You With The Information You Need To
Make The Right Choices For Your Future

We Take Your Emails Seriously

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy