SB1068 Summary

• Amends Oklahoma real estate broker duties to require written memoralization of buyer-broker relationships, including duration (not exceeding one year) and compensation terms before home touring begins.

• Specifies confidential information brokers must protect, limited to: willingness to pay more/accept less, alternative financing terms, motivating factors for property transactions, and party-designated confidential information.

• Compensation agreements default to 60 days if no time frame is specified, with maximum duration of one year, and must be disclosed in writing before contract effective date.

• Prohibits automatic contract renewal; new buyer-broker agreements require additional written consent from both parties after expiration or termination of prior working relationships.

• Effective date: November 1, 2025.