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OK SB1062
Bill
AI Summary
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Amends 59 O.S. 2021, Section 858-359 to authorize brokers or real estate owners of record to compensate or offer compensation to any Oklahoma Real Estate Commission-licensed professional for brokerage services involving the purchase, lease, sale, transfer, or exchange of Oklahoma real estate
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Clarifies that brokers are not required to charge, nor prohibited from charging, separate fees for each duty or brokerage service provided during a transaction
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Specifies that brokers and real estate owners of record are not required to offer compensation to any real estate professional in the state
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Effective date: November 1, 2025
Legislative Description
Broker compensation; authorizing offer of compensation for certain services; providing certain exceptions. Effective date.
Last Action
Approved by Governor 04/17/2025
4/17/2025