Commisions

Question 1

Lis pendens

Answer 1

refers to a pending lawsuit on a particular piece of property.

Question 2

A lien

Answer 2

is the claim made by a creditor against real or personal property pledged by a debtor as collateral

Question 3

Commercial Real Estate Sales Commission Lien Act

Answer 3

gives a broker lien rights if their commission isn’t paid

Applies to personal property

whereas a residential lien right would apply exclusively to real property.

Question 4

per se violations

Answer 4

acts that are considered inherently illegal

Question 5

market or customer allocation

Answer 5

A violation of antitrust law in which competitors agree to portion the market amongst