(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.
Structure Arkansas Code
Subtitle 4 - Mortgages And Liens
Chapter 48 - Miscellaneous Liens on Personal Property
Subchapter 8 - Principal Broker Real Estate Lien Act
§ 18-48-803. Lien upon personal property
§ 18-48-804. Waiver of right to a lien — Action by principal broker
§ 18-48-805. Notice of claim of lien against proceeds
§ 18-48-806. Delivery of notice of claim of lien
§ 18-48-807. Release of notice of claim of lien