Broker’s Lien Law

Rhode Island has adopted a statute that permits real estate brokers to take a lien against, or an interest in, any commercial real estate that is subject to the purchase, lease or other transaction in which the broker plays a role. This statute is codified in the Rhode Island General Laws under Section 34-49-3 (the “Act”). The Act addresses those situations where a broker provides services to buyers, sellers or tenants, only to be cheated when their commission becomes due. Brokers Lien Law Markeiting_April 2015

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