GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 1999

H	1 

HOUSE BILL 1047

Short Title:  Commercial Realtor Lien Study.	(Public)

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Sponsors: Representative Thompson.

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Referred to:  Rules, Calendar and Operations of the House.

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April 14, 1999

A BILL TO BE ENTITLED
AN ACT TO AUTHORIZE THE STUDY OF WHETHER STATUTORY LIENS SHOULD BE ALLOWED FOR FEES OWED TO COMMERCIAL REAL ESTATE BROKERS.
The General Assembly of North Carolina enacts:
Section 1.  The Legislative Research Commission may study the issue of whether or not statutory liens should be allowed for fees owed to commercial real estate brokers.
The Commission may look at issues addressed in Senate Bill 923, First Edition, of the 1997 Session, including proposed committee substitutes considered by the Senate Judiciary Committee during the 1997 Session.  The study shall include at least the following:
(1)	The extent of the problem of commercial real estate brokers not being able to collect real estate commission fees they have earned and are entitled to;
(2)	Whether statutory liens should be used to address this problem; and
(3)	The effects of such a statutory lien process on the commercial real estate transaction process, including issues affecting title.
Section 2.  The Legislative Research Commission may make an interim report to the 1999 General Assembly, 2000 Regular Session, and shall make a final report to the 2001 General Assembly.
Section 3.  This act is effective when it becomes law.