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STATE OF OKLAHOMA
1st Session of the 60th Legislature (2025)
SENATE BILL 1062 By: Rosino
AS INTRODUCED
An Act relating to broker compensation; amending 59
O.S. 2021, Section 858 -359, which relates to payment
to broker; authorizing offer of compensation for
certain services; providing certain exceptions; and
providing an effective date .
BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
SECTION 1. AMENDATORY 59 O.S. 2021, Section 858 -359, is
amended to read as follows:
Section 858-359. A. The payment or promise of payment or
compensation by a party to a broker does not determine what
relationship, if any, has been established between the broker and a
party to a transaction.
B. In the event a broker receives a fee or compensation from
any party to the transaction based on a selling price or lease cost
of a transaction, such receipt does not constitute a breach of duty
or obligation to any party to the transaction.
C. A broker or real estate owner of record may compensate or
offer compensation to any real estate professional li censed by the
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Oklahoma Real Estate Commission for providing brokerage services in
connection with the purchase, lease, sale, transfer, or exchange of
real estate located in this state.
D. 1. Nothing in this section requires a broker to charge, or
prohibits a broker from charging, a separate fee or other
compensation for each duty or other brokerage services provided
during a transaction.
2. Nothing in this section requires a b roker or real estate
owner of record to offer compensation to any real estate
professional in this state.
SECTION 2. This act shall become effective November 1, 2025.
60-1-79 CAD 1/16/2025 3:01:32 PM