Question

In which of the following situations can a North Carolina broker file a lien to secure payment of brokerage fees?

A. A listing agent for a $5 million property
B. A person representing the lease of a manufacturing plant
C. The sale of a shopping center by a listing agent
D. The buyer's agent for a principal who is purchasing an office building

Answer 1

A North Carolina broker can file a lien to secure payment of brokerage fees in certain situations, such as when they are a listing agent or represent the lease of a property.

Step-by-step explanation:

A North Carolina broker can file a lien to secure payment of brokerage fees in situations where they have provided services and are owed fees.

1. In the case of a listing agent for a $5 million property, the broker can file a lien if their services were included in the listing agreement and the fees are not paid.
2. If a person is representing the lease of a manufacturing plant, the broker can file a lien if their services were contracted and the fees are unpaid.
3. Similarly, in the sale of a shopping center by a listing agent, a lien can be filed if the fees are not paid as per the listing agreement.

However, the buyer's agent for a principal purchasing an office building does not have the right to file a lien for brokerage fees as they do not provide listing or leasing services.