Florida Statutes Part III - Commercial Real Estate Sales Commission Lien Act (Ss. 475.700-475.719)

• 475.700 - Popular Name.
  Sections 475.700-475.719 may be cited as the “Commercial Real Estate Sales Commission Lien Act.”History.—s. 1, ch. 2005-275.
• 475.701 - Definitions.
  As used in this part:(1) “Broker” has the same meaning as in s. 475.01.(2) “Brokerage agreement” means a written contract entered into on or after the effective...
• 475.703 - Broker’s Lien For Sales Commission.
  (1) A broker has a lien upon the owner’s net proceeds from the disposition of commercial real estate for any commission earned by the broker with...
• 475.705 - Contents Of Commission Notice; Delivery To Owner And Closing Agent.
  (1) A commission notice made by a broker with respect to a commission claimed under this part shall be in writing, shall be signed and sworn...
• 475.707 - Recording Commission Notice; Effectiveness.
  (1) After a broker delivers the copies of a commission notice as provided in s. 475.705, the broker may record the commission notice in the public...
• 475.709 - Duties Of Closing Agent; Reservation Of Owner’s Net Proceeds.
  (1)(a) The closing agent shall reserve from the owner’s net proceeds an amount equal to the commission claimed by the broker in the commission notice if,...
• 475.711 - Interpleader Or Other Proceedings; Deposit Of Reserved Proceeds In Court Registry; Discharge Of Closing Agent From Further Liability.
  (1) The closing agent shall, by interpleader action or other legal proceeding, seek adjudication of the rights of the parties with respect to disputed reserved proceeds...
• 475.713 - Civil Action Concerning Commission; Order To Show Cause; Hearing; Release Of Proceeds; Award Of Costs And Attorney’s Fees.
  (1) If a commission notice claiming a commission is delivered to an owner pursuant to s. 475.705 and the owner disputes the claimed commission, the owner...
• 475.715 - Priority Of Recorded Commission Notice.
  All statutory liens, consensual liens, mortgages, deeds of trust, assignments of rents, and other encumbrances, including all advances or charges made or accruing thereunder, whether...
• 475.717 - Service Of Notice.
  Notices to be delivered to a party pursuant to this part other than service of process as required in civil actions shall be by service...
• 475.719 - Buyer’s Broker.
  As used in this section, the term “buyer’s broker” means a broker that is entitled to receive payment from the buyer of commercial real estate...

Last modified: September 23, 2016