Section 34-49-1. – Short title.

§ 34-49-1. Short title. This chapter shall be known and may be cited as the “Commercial Real Estate Broker Lien Act.” History of Section.P.L. 2013, ch. 69, § 1; P.L. 2013, ch. 76, § 1.

Section 34-49-2. – Definitions.

§ 34-49-2. Definitions. As used in this chapter, the following words shall have the following meanings: (1) “Commercial real estate” means any real estate other than: (i) Real estate containing one to four (4) residential units; (ii) Real estate on which: (A) No buildings or structures are located; and (B) Which is zoned for single-family […]

Section 34-49-3. – Broker’s lien.

§ 34-49-3. Broker’s lien. (a) Any real estate broker shall have a lien upon commercial real estate or any interest in that commercial real estate which is the subject of a purchase, lease or other conveyance to a buyer or tenant (which transferee includes without limitation subtenant and assignee) of an interest in the commercial […]

Section 34-49-4. – Priority.

§ 34-49-4. Priority. Prior recorded liens, mortgages, and other encumbrances shall have priority over a real estate broker’s lien. Such prior recorded liens, mortgages, and encumbrances shall include, without limitation, a mechanic’s lien claim that is recorded prior to the real estate broker’s notice of lien. History of Section.P.L. 2013, ch. 69, § 1; P.L. […]

Section 34-49-5. – Escrow of disputed amounts.

§ 34-49-5. Escrow of disputed amounts. (a) Except as otherwise provided in this section, whenever a claim for lien has been filed with the appropriate land evidence records, and an escrow account is established either from the proceeds from the transaction, conveyance, or any other source of funds in an amount computed as one hundred […]

Section 34-49-6. – Dismissal of complaint for other cause.

§ 34-49-6. Dismissal of complaint for other cause. (a) If any person of interest, including, but not limited to the owner, claims that: (1) The notice of lien filed by a real estate broker in the land evidence records that the commercial real estate broker lien has not been filed or recorded in accordance with […]

Section 34-49-7. – Severability.

§ 34-49-7. Severability. If any provision of this chapter or the application thereof to any person or circumstances is held invalid, such invalidity shall not affect other provisions or applications of the chapter, which can be given effect without the invalid provision or applications, and to this end the provisions of this chapter are declared […]