Arizona Revised Statutes Title 33. Property § 33-1071. Commercial real estate broker lien; definition

1. There is a written agreement between the broker and the owner of the real property that provides for the payment of a commission or other compensation to that broker for the broker's services in a real estate transaction and that agreement discloses in the same size type as the majority of the remainder of the agreement above the portion of the agreement calling for the signature of the owner of the real property that the failure to pay the agreed upon commission or compensation may give rise to lien rights as provided by this article.

2. The broker produces a person or entity that is ready, willing and able to lease or rent the real property on the terms provided in the written agreement between the broker and the owner of the real property or on terms that are otherwise acceptable to the owner as evidenced by a written instrument that is signed by the owner.

3. The broker fully complies with §§ 33-1072 and 33-1073.

4. All of the conditions for the payment of the commission or other compensation described in the written agreement have been satisfied.

1. The real property is conveyed to a bona fide purchaser for value before the recordation of a broker's preliminary notice of intent to lien.

2. It is encumbered by a bona fide lender for value before the recordation of a broker's preliminary notice of intent to lien.

1. Residential real property with fewer than five residential units.

2. Real property on which single family mobile home lots, manufactured housing lots, residences or condominiums are sold unit by unit.