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Texas Property Code

§ 62.021 — PERSON ENTITLED TO LIEN

PR § 62.021Title 5. EXEMPT PROPERTY AND LIENS · Part B. LIENS · Ch. 62. BROKER'S AND APPRAISER'S LIEN ON COMMERCIAL REAL ESTATE · Art. B. BROKER'S LIEN

Statute text

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(a)A broker has a lien on a seller's or lessor's commercial real estate interest in the amount specified by the commission agreement if:
(1)the broker has earned a commission under a commission agreement signed by the seller or lessor of the commercial real estate interest or the seller's or lessor's authorized agent; and
(2)a notice of lien is recorded and indexed as provided by Section 62.024.
(b)A broker has a lien on the commercial real estate interest purchased by a prospective buyer in the amount specified by the commission agreement if:
(1)the broker has earned a commission under a commission agreement signed by the prospective buyer of the commercial real estate interest or the prospective buyer's authorized agent; and
(2)a notice of lien is recorded and indexed as provided by Section 62.024.

Legislative history

Added by Acts 1999, 76th Leg., ch. 1571, Sec. 1, eff. Aug. 30, 1999.