New Miss. law aids real estate brokers
Gov. Phil Bryant has signed into law Senate Bill 2559, known as the Commercial Broker Lien Act.
The new law allows a commercial real estate broker to obtain and foreclose upon a lien as a legal remedy against a property if the buyer/seller or lessee/lessor fails to pay the broker the agreed upon commission or fee.
The bill was authored by Sen. Will Longwitz, R-Madison.
Clarion Ledger
4/29/14
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