779.32 Commission liens.

114 words·~1 min read·/wi/chapter-779/779-32

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(1)Definitions. In this section:

(a)“Broker” means a real estate broker licensed under ch. 452 .

(b)“Commercial real estate” means any real property other than any of the following:

1. Real property containing 8 or fewer dwelling units.

2. Real property that is zoned for residential purposes and that does not contain any buildings or structures.

3. Real property that is zoned for agricultural purposes.

(c)“Financial institution” has the meaning given in s. 214.01

(jn).

(d)“Tenant representation agreement” means an agency agreement between a broker and a person that grants the broker the right to represent the person in the lease of commercial real estate.