Meaning of “broker's lien” in the English Dictionary


"broker's lien" in Business English

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broker's liennoun [ C ]

uk us

LAW a right to property or payment that a broker has if the buyer does not pay the money owed to the broker for a sale:

Many states in the US allow real estate broker's liens to be filed against property for the full payment of commissions.

(Definition of “broker's lien” from the Cambridge Business English Dictionary © Cambridge University Press)