What requirement does the Commercial Real Estate Leasing Commission Lien Act impose on brokers?

The Commercial Real Estate Leasing Commission Lien Act gives brokers the right to impose a lien for earned commissions related to their services in commercial real estate transactions. This means that if a broker has provided services and is owed a commission, the law allows them to place a lien on the property in question as a way to secure payment. Lien rights are a significant aspect of the legal framework that protects brokers' interests, ensuring they can seek compensation for their work in lease agreements.

The other options do not accurately reflect the core requirement imposed by this Act. For instance, while informing clients about fees and providing proof of services may be best practices, they do not represent specific mandates of the Commercial Real Estate Leasing Commission Lien Act. Additionally, brokers are not restricted to commercial properties only; they may work within various property types, making restrictions on property types unrelated to this particular legal requirement.