• Michigan Enacts Statute Permitting Real Estate Brokers to Assert Lien on Commercial Real Estate for Unpaid Commissions
  • November 9, 2010 | Authors: John T. Gregg; Patrick E. Mears
  • Law Firm: Barnes & Thornburg LLP - Grand Rapids Office
  • On Oct. 5, 2010, Michigan Governor Jennifer Granholm signed into law Senate Bill 610, which permits real estate brokers to assert against “commercial real estate” a lien for unpaid brokerage fees incurred in connection with the sale or lease of that same realty. This legislation, outlined below, directly impacts not only buyers and sellers of real estate and their brokers but also mortgagees and other persons holding a lien on the affected real estate. The following is an analysis of this bill’s main provisions.