Shown verbatim: the complete text as captured from the official PDF posted by the Oklahoma Legislature, fetched 2026-07-23. Page and line markers are part of the official record; nothing is edited or removed. The official bill page.
1 STATE OF OKLAHOMA
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2 1st Session of the 60th Legislature (2025)
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3 SENATE BILL 1062 By: Rosino
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6 AS INTRODUCED
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7 An Act relating to broker compensation; amending 59
7 O.S. 2021, Section 858-359, which relates to payment
8 to broker; authorizing offer of compensation for
8 certain services; providing certain exceptions; and
9 providing an effective date.
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12 BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
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13 SECTION 1. AMENDATORY 59 O.S. 2021, Section 858-359, is
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14 amended to read as follows:
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15 Section 858-359. A. The payment or promise of payment or
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16 compensation by a party to a broker does not determine what
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17 relationship, if any, has been established between the broker and a
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18 party to a transaction.
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19 B. In the event a broker receives a fee or compensation from
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20 any party to the transaction based on a selling price or lease cost
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21 of a transaction, such receipt does not constitute a breach of duty
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22 or obligation to any party to the transaction.
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23 C. A broker or real estate owner of record may compensate or
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24 offer compensation to any real estate professional licensed by the
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Req. No. 79 Page 1
1 Oklahoma Real Estate Commission for providing brokerage services in
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2 connection with the purchase, lease, sale, transfer, or exchange of
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3 real estate located in this state.
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4 D. 1. Nothing in this section requires a broker to charge, or
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5 prohibits a broker from charging, a separate fee or other
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6 compensation for each duty or other brokerage services provided
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7 during a transaction.
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8 2. Nothing in this section requires a broker or real estate
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9 owner of record to offer compensation to any real estate
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10 professional in this state.
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11 SECTION 2. This act shall become effective November 1, 2025.
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13 60-1-79 CAD 1/16/2025 3:01:32 PM
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Req. No. 79 Page 2Every fact on this page links to its source, starting with the official bill record.