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ENGROSSED SENATE
BILL NO. 1062 By: Rosino of the Senate
and
Moore of the House
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 licensed by the
Oklahoma Real Estate Commission for providing brokerage services in
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connection with the purchase, lease, sale, transfer, or exchange of
real estate located in this state.
D. 1. Nothing in this sectio n 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 broker 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.
Passed the Senate the 18th day of March, 2025.
Presiding Officer of the Senate
Passed the House of Repr esentatives the ____ day of __________,
2025.
Presiding Officer of the House
of Representatives