Alabama Code (Last Updated: November 28, 2014) |
Title35 PROPERTY. |
Chapter11. LIENS. |
Article5. Liens of Particular Persons or Classes of Persons. |
Division19. Broker Compensation for Sale, Lease, or Conveyance of Commercial Real Estate. |
§35-11-452. Priority of lien.
Latest version.
-
All mortgages, other liens recorded prior to the recording of the broker's lien provided by this division, all purchase money mortgages, and all liens for ad valorem taxes shall have priority over the broker's lien provided by this division. Knowledge by mortgagee or other lienholder of the existence or possible existence of an unrecorded broker's lien shall not affect the priority of the mortgage or other lien.