28 chapters · 792 sections in this title.
Ala. Code § 35-11-450 Definitions
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As used in this division the following terms have the following meanings: (1) BROKER. A broker as defined in Section 34-27-2. (2) CLIENT. A person or entity having an interest in commercial real estate that has entered into a written brokerage or agency agreement with a real esta…
Ala. Code § 35-11-451 Brokers Lien Generally; Recording Notice; Notice Requirements; Enforcement of Lien
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(a) A real estate broker shall have a lien, in the amount of the compensation agreed upon by and between the broker and his or her client, upon commercial real estate or any interest therein which is subject to and described in the brokerage agreement and owned by a client or by …
Ala. Code § 35-11-452 Priority of Lien
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All mortgages, other liens recorded prior to the recording of the broker’s lien provided by this division, all purchase money mortgages, and all liens for ad valorem taxes shall have priority over the broker’s lien provided by this division. Knowledge by mortgagee or other lienho…
Ala. Code § 35-11-453 Escrow Accounts
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Except as otherwise provided in this section, whenever a notice of lien has been given or recorded, an escrow account may be, but is not required to be, established in an amount sufficient to release the claim for lien. These moneys shall be held in escrow by the closing agent or…