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STATE OF OKLAHOMA
2nd Session of the 60th Legislature (2026)
SENATE BILL 1225 By: Bullard
AS INTRODUCED
An Act relating to The Oklahoma Real Estate License
Code; amending 59 O.S. 2021, Section 858-303B, which
relates to accounting of expenditure for services;
authorizing certain negotiations in advance of
certain services; requiring certain disclosure of
information pertaining to compensation and fees;
prohibiting requirement of certain agreement to show
real estate; updating statutory language; and
providing an effective date.
BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
SECTION 1. AMENDATORY 59 O.S. 2021, Section 858-303B, is
amended to read as follows:
Section 858-303B. Any A. A real estate broker or agent may
negotiate compensation and fees with the represented party in
advance of the services provided. A real estate broker shall
disclose any information pertaining to compensation and fees
including, but not limited to, the party responsible for payment and
amount of each payment for each transaction to the represented party
in advance of the services provided.
B. A real estate broker or agent who charges and collects any
fees in advance of the services provided by the broker shall provide
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a detailed accounting of expenditures to the person for whom such
services are performed for within ten (10) days after the time
specified to perform such services or upon written request from the
person for whom services are performed for, but no longer than one
(1) year from date of contract for such services.
C. A real estate broker or agent shall not be required to
procure a buyer broker showing agreement or contract agreement prior
to showing real estate.
SECTION 2. This act shall become effective November 1, 2026.
60-2-2231 CAD 12/9/2025 4:05:00 PM