Commercial Broker Lien Law

HB 174 (Commercial Real Estate Broker Lien Act), sponsored by Reps. Darrell McCormick (R-Iredell), Pryor Gibson (D-Anson), Leo Daughtry (R-Johnston), and Tom Murry (R-Wake), was heard in the House Judiciary A Committee on Wednesday. The Committee was concerned with the priority of this lien and mechanic’s and materialmen’s liens. After discussions with the parties and the bill sponsor, a change was agreed upon, and the bill will be heard in the committee again next week.