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Ark. Code Ann. § 18-48-804

Waiver of right to a lien — Action by principal broker

Acts 2005, No. 1944, § 1; 2011, No. 340, § 1.

(1) A principal broker may waive his or her right to a lien under this subchapter in the representation agreement.

(2) If a court finds that payment is due to the principal broker in an action to recover amounts due under a representation agreement in which the principal broker has waived his or her right to a lien, the court shall award actual damages, a reasonable attorney's fee, and expenses.

Current official text: Arkansas General Assembly. Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Arkansas statutes; confirm against the official source for the current text. Not legal advice.