§ 38-22.5-103 — Brokers' lien for compensation for services - requirements

Colorado § 38-22.5-103

• Jurisdiction: Colorado
• Title 38: Property -
• Art.: Commercial Real Estate Brokers

Text

(1)
A real estate broker shall have a lien on commercial real estate, in the amount of
the compensation as set forth in the agreement, if:

(a) Such real estate is listed with the real estate broker under terms of an
agreement or is the subject of an agreement; and

(b) The real estate broker has provided licensed services that resulted in the
procuring of a person or entity who has leased any interest in the commercial real
estate in accordance with the agreement.

(2) The general assembly intends that nothing in this section is subject to a
prospective waiver by either party without consideration acceptable to the parties
to the waiver.

(3) Notwithstanding subsection (1) of this section, commercial real estate is
not subject to a real estate brokers' lien to enforce the payment of a renewal
commission if the property is conveyed to a bona fide purchaser before the
recording of a notice of lien pursuant to section 38-22.5-104.

Legislative History

Source: L. 2010: Entire article added, (HB 10-1288), ch. 179, p. 643, � 1, effective August 11.