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 2nd Session of the 60th Legislature (2026)
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3 SENATE BILL 1217 By: Daniels
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6 AS INTRODUCED
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7 An Act relating to real estate brokers; amending 59
7 O.S. 2021, Section 858-355.1, which relates to
8 brokerage agreements; prohibiting requirement to
8 enter into certain agreement prior to certain
9 actions; prohibiting requirement for broker to enter
9 into certain agreement to show certain real estate;
10 allowing certain brokers to require certain associate
10 to enter into certain agreement prior to certain
11 action; providing for codification; and providing an
11 effective date.
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14 BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
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15 SECTION 1. AMENDATORY 59 O.S. 2021, Section 858-355.1,
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16 is amended to read as follows:
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17 Section 858-355.1. A. All brokerage agreements shall
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18 incorporate as material terms the duties and responsibilities set
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19 forth in Section 858-353 of The Oklahoma Real Estate License Code.
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20 B. A broker may provide brokerage services to one or both
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21 parties in a transaction.
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22 C. A broker who is providing brokerage services to one or both
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23 parties shall describe and disclose in writing the broker's duties
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24 and responsibilities set forth in Section 858-353 of The Oklahoma
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Req. No. 2229 Page 1
1 Real Estate License Code prior to the party or parties signing a
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2 contract to sell, purchase, lease, option, or exchange real estate.
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3 D. A firm that provides brokerage services to both parties in a
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4 transaction shall provide written notice to both parties that the
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5 firm is providing brokerage services to both parties to a
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6 transaction prior to the parties signing a contract to purchase,
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7 lease, option, or exchange real estate.
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8 E. If a broker intends to provide fewer brokerage services than
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9 those required to complete a transaction, the broker shall provide
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10 written disclosure to the party for whom the broker is providing
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11 brokerage services. Such disclosure shall include a description of
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12 those steps in the transaction for which the broker will not provide
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13 brokerage services, and also state that the broker assisting the
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14 other party in the transaction is not required to provide assistance
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15 with these steps in any manner.
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16 F. A broker shall not be required to enter into a written
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17 brokerage agreement prior to showing a property for purchase, lease,
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18 option, or exchange.
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19 SECTION 2. NEW LAW A new section of law to be codified
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20 in the Oklahoma Statutes as Section 858-355.2 of Title 59, unless
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21 there is created a duplication in numbering, reads as follows:
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22 A. A broker shall not be required to enter into a brokerage
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23 agreement with a buyer prior to showing real estate for purchase,
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24 lease, option, or exchange.
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Req. No. 2229 Page 2
1 B. A managing broker or proprietor broker may choose to require
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2 a branch broker, broker associate, or sales associate that is
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3 employed by, working with, or an independent contractor for the
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4 managing broker or proprietor broker to enter into a brokerage
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5 agreement with a buyer prior to showing real estate for purchase,
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6 lease, option, or exchange.
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7 SECTION 3. This act shall become effective November 1, 2026.
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9 60-2-2229 CAD 12/8/2025 11:37:33 AM
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Req. No. 2229 Page 3Every fact on this page links to its source, starting with the official bill record.