An Act
ENROLLED 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 .
SUBJECT: Broker compensation
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 rece ives 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 rec ord may compensate or
offer compensation to any real estate professional licensed by the
Oklahoma Real Estate Commission for providing brokerage services in
connection with the purchase, lease, sale, transfer, or exchange of
real estate located in this sta te.
ENR. S. B. NO. 1062 Page 2
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 bro ker 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.
ENR. S. B. NO. 1062 Page 3
Passed the Senate the 18th day of March, 2025.
Presiding Officer of the Senate
Passed the House of Representatives the 16th day of April, 2025.
Presiding Officer of the House
of Representatives
OFFICE OF THE GOVERNOR
Received by the Office of the Governor this _______ _____________
day of _________________ __, 20_______, at _______ o'clock _______ M.
By: _________________________________
Approved by the Governor of the State of Oklahoma this _______ __
day of _________________ __, 20_______, at _______ o'clock _______ M.
_________________________________
Governor of the State of Oklahoma
OFFICE OF THE SECRETARY OF STATE
Received by the Office of the Secretary of State this _______ ___
day of _________________ _, 20 _______, at _______ o'clock _______ M.
By: _________________________________