H-4848.1          _______________________________________________

                            SUBSTITUTE HOUSE BILL 2550

                  _______________________________________________

State of Washington              54th Legislature             1996 Regular Session

By House Committee on Law & Justice (originally sponsored by Representatives Hickel, Morris, Sheahan, Campbell, Sterk, Delvin, Cooke, Quall, Mulliken and Costa)

Read first time 02/02/96. 

Studying commercial real estate brokers' liens.

     AN ACT Relating to commercial real estate brokers' liens; and creating a new section.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:

NEW SECTION. Sec. 1.  The law and justice committee of the house of representatives shall study the issue of creating a commercial real estate brokers' lien.  The committee shall consider all relevant issues concerning whether it is appropriate to create a lien for commercial real estate brokers, and if so, the requirements and procedures that should be provided, including but not limited to:  The types of property and the types of transactions that should be subject to a commercial real estate brokers' lien; procedures for the filing or recording of the lien; procedures for the notification of persons with an interest in the property subject to the lien; rules regarding the attachment and priority of the liens; procedures for the termination of the lien; and procedures and time limits for the enforcement of the lien.  The committee shall report its findings to the legislature by December 31, 1996.

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