Michigan Laws 570.583 – Commercial real estate broker’s lien; availability
Current as of: 2023 | Check for updates
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Terms Used In Michigan Laws 570.583
- Commercial real estate: means real estate or an interest in real estate that is not any of the following:
(i) Real estate zoned for single-family use and on which no building or structure is located. See Michigan Laws 570.582Lien: A claim against real or personal property in satisfaction of a debt.
A commercial real estate broker’s lien is only available to an individual licensed as a real estate broker under article 25 of the occupational code, 1980 PA 299, MCL 339.2501 to 339.2518. A commercial real estate broker’s lien is not available to an employee, agent, subagent, or independent contractor of a licensed real estate broker.