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Tex. Prop. Code § 62.027

INCEPTION OF BROKER'S LIEN

Known as the Broker's and Appraiser's Lien on Commercial Real Estate Act

The act spans §§ 62–62 (34 sections).

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

(a) A broker's lien attaches to the commercial real estate interest owned by the person obligated to pay the commission on the date the notice of lien is recorded as provided by this chapter. The lien does not relate back to the date of the commission agreement.

(b) A notice of lien for amounts earned by the broker under an installment contract or under a commission agreement for a deferred commission is enforceable only to the extent that the installment or commission has become payable.

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.