This part shall be known and may be cited as the “Commercial Real Estate Broker Lien Act.” History. Code 1981, § 44-14-600 , enacted by Ga. L. 1993, p. 1490, § 1. Law reviews. For annual survey article on real property law, see 50 Mercer L. Rev. 307 (1998).
As used in this part, the term: “Broker” means a broker as defined in paragraph (2) of Code Section 43-40-1. “Client” means a person or entity having an interest in real property that has entered into a written brokerage agreement with a real estate broker relative to such property. “Commercial real estate” means any real […]
Any real estate broker who is not an employee or independent contractor of another real estate broker shall have a lien, in the amount of the compensation agreed upon by and between the broker and the landlord or seller or other client or customer, upon commercial real estate or any interest in commercial real estate: […]
Prior recorded liens and liens for ad valorem taxes shall have priority over a broker’s lien. History. Code 1981, § 44-14-603 , enacted by Ga. L. 1993, p. 1490, § 1.
Except as otherwise provided in this Code section, whenever a claim for lien has been filed with the clerk of a superior court that would prevent the closing of a transaction or conveyance, an escrow account shall be established from the proceeds from the transaction or conveyance in an amount sufficient to release the claim […]
Whenever a claim for lien has been filed with the superior court and a condition occurs that would preclude the broker from receiving compensation under the terms of the broker’s written agreement, the broker shall provide to the owner of record a written release or satisfaction of the lien. Upon written demand of the owner, […]
