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Broker Lien Act changes

Gregg Nathanson
Published: February 14, 2011
Michigan's Commercial Real Estate Broker's Lien Act became law on Oct.5, 2010. The law permits a commercial broker, entitled to a commission under a written agreement, to record a claim of lien against the brokered property to secure payment of their commission. Following is a Q&A outlining key aspects of the law.

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