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SB1062 • 2026

Broker compensation; authorizing offer of compensation for certain services; providing certain exceptions. Effective date.

Broker compensation; authorizing offer of compensation for certain services; providing certain exceptions. Effective date.

Enacted

This bill passed the Legislature and reached final enactment based on the latest official action.

Sponsor
Rosino
Last action
2025-04-17
Official status
Approved by Governor 04/17/2025
Effective date
Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Broker compensation; authorizing offer of compensation for certain services; providing certain exceptions. Effective date.

Broker compensation; authorizing offer of compensation for certain services; providing certain exceptions.

What This Bill Does

  • Broker compensation; authorizing offer of compensation for certain services; providing certain exceptions.
  • Effective date.
  • Bill Summaries/Fiscal Impact for SB 1062 (House): Engrossed (4/8/2025) Bill Summaries/Fiscal Impact for SB 1062 (Senate): Introduced (1/27/2025)

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

  1. 2025-04-17 Senate

    Approved by Governor 04/17/2025

  2. 2025-04-16 House

    General Order

  3. 2025-04-16 House

    Third Reading, Measure passed: Ayes: 86 Nays: 0

  4. 2025-04-16 House

    Signed, returned to Senate

  5. 2025-04-16 Senate

    Referred for enrollment

  6. 2025-04-16 Senate

    Enrolled, to House

  7. 2025-04-16 House

    Signed, returned to Senate

  8. 2025-04-16 Senate

    Sent to Governor

  9. 2025-04-15 House

    CR; Do Pass Government Oversight Committee

  10. 2025-04-08 House

    Policy recommendation to the Government Oversight committee; Do Pass Banking, Financial Services and Pensions

  11. 2025-04-01 House

    Second Reading referred to Government Oversight

  12. 2025-04-01 House

    Referred to Banking, Financial Services and Pensions

  13. 2025-03-24 Senate

    Engrossed to House

  14. 2025-03-24 House

    First Reading

  15. 2025-03-18 Senate

    General Order, Considered

  16. 2025-03-18 Senate

    Measure passed: Ayes: 45 Nays: 0

  17. 2025-03-18 Senate

    Referred for engrossment

  18. 2025-03-04 Senate

    Placed on General Order

  19. 2025-02-27 Senate

    Reported Do Pass Business and Insurance committee; CR filed

  20. 2025-02-05 Senate

    Coauthored by Representative Moore (principal House author)

  21. 2025-02-04 Senate

    Second Reading referred to Business and Insurance

  22. 2025-02-03 Senate

    First Reading

  23. 2025-02-03 Senate

    Authored by Senator Rosino

Official Summary Text

Broker compensation; authorizing offer of compensation for certain services; providing certain exceptions. Effective date.
Bill Summaries/Fiscal Impact for SB 1062 (House): Engrossed (4/8/2025)
Bill Summaries/Fiscal Impact for SB 1062 (Senate): Introduced (1/27/2025)

Current Bill Text

Read the full stored bill text 
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 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
connection with the purchase, lease, sale, transfer, or exchange of
real estate located in this state.

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 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.

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: _________________________________