Waiver of right to a lien — Action by principal broker

Ark. Code Ann. § 18-48-804 — under Miscellaneous Liens on Personal Property.

Ark. Code Ann. § 18-48-804

(a) A principal broker may waive his or her right to a lien under this subchapter in the representation agreement.

(b) If a court finds that payment is due to the principal broker in an action to recover amounts due under a representation agreement in which the principal broker has waived his or her right to a lien, the court shall award actual damages, a reasonable attorney's fee, and expenses.