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 1225 By: Bullard
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6 AS INTRODUCED
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7 An Act relating to The Oklahoma Real Estate License
7 Code; amending 59 O.S. 2021, Section 858-303B, which
8 relates to accounting of expenditure for services;
8 authorizing certain negotiations in advance of
9 certain services; requiring certain disclosure of
9 information pertaining to compensation and fees;
10 prohibiting requirement of certain agreement to show
10 real estate; updating statutory language; and
11 providing an effective date.
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13 BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
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14 SECTION 1. AMENDATORY 59 O.S. 2021, Section 858-303B, is
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15 amended to read as follows:
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16 Section 858-303B. Any A. A real estate broker or agent may
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17 negotiate compensation and fees with the represented party in
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18 advance of the services provided. A real estate broker shall
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19 disclose any information pertaining to compensation and fees
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20 including, but not limited to, the party responsible for payment and
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21 amount of each payment for each transaction to the represented party
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22 in advance of the services provided.
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23 B. A real estate broker or agent who charges and collects any
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24 fees in advance of the services provided by the broker shall provide
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Req. No. 2231 Page 1
1 a detailed accounting of expenditures to the person for whom such
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2 services are performed for within ten (10) days after the time
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3 specified to perform such services or upon written request from the
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4 person for whom services are performed for, but no longer than one
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5 (1) year from date of contract for such services.
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6 C. A real estate broker or agent shall not be required to
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7 procure a buyer broker showing agreement or contract agreement prior
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8 to showing real estate.
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9 SECTION 2. This act shall become effective November 1, 2026.
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11 60-2-2231 CAD 12/9/2025 4:05:00 PM
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Req. No. 2231 Page 2Every fact on this page links to its source, starting with the official bill record.