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The commercial real estate broker's lien act is finally a reality in Michigan. After years of indifference, the Michigan legislature finally heeded the pleas of trade organizations like the Michigan Association of Realtors and the Commercial Board of Realtors, and various other interested organizations and their broker-members, and passed Senate Bill No. 610. Signed into law by Governor Granholm on Oct. 5, 2010, the Bill took immediate effect, and will apply to written commission agreements signed after that date. But rejoice not, unless you understand how to use this important but narrowly crafted tool.
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