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 877 By: Bullard
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6 AS INTRODUCED
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7 An Act relating to deed regulation; creating a
7 criminal penalty; providing for certain imprisonment;
8 defining term; amending 59 O.S. 2021, Section 858-
8 307.2, which relates to continuing education
9 requirements for certain licensees; requiring certain
9 continuing education course; amending 59 O.S. 2021,
10 Section 858-351, which relates to the cause of
10 suspension or revocation of license; expanding
11 application of certain definitions; requiring certain
11 notification to buyer; providing for codification;
12 and providing an effective date.
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15 BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
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16 SECTION 1. NEW LAW A new section of law to be codified
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17 in the Oklahoma Statutes as Section 1534 of Title 21, unless there
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18 is created a duplication in numbering, reads as follows:
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19 A. Any person who commits deed theft shall, upon conviction, be
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20 guilty of a felony, punishable by imprisonment in the custody of the
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21 Department of Corrections for not more than two (2) years, or a fine
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22 not exceeding Five Thousand Dollars ($5,000.00), or both such
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23 imprisonment and fine.
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24 B. As used in this section, "deed theft" means to:
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1 1. Intentionally alter, falsify, forge, or misrepresent
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2 property documents such as a residential or commercial deed or
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3 title, with the intent to deceive, defraud, or unlawfully transfer
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4 or encumber the ownership rights of a residential or commercial
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5 property;
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6 2. Misrepresent oneself as the owner or authorized
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7 representative of residential or commercial real property in order
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8 to obtain ownership or possession of such real property; or
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9 3. With intent to defraud take, obtain, steal, or transfer
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10 title or ownership of real property by fraud, forgery, larceny, or
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11 any other fraudulent or deceptive practice.
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12 SECTION 2. AMENDATORY 59 O.S. 2021, Section 858-307.2,
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13 is amended to read as follows:
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14 Section 858-307.2. A. Beginning November 1, 2004, as a
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15 condition of renewal or reactivation of the license, each licensee
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16 with the exception of those exempt as set out in this section shall
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17 submit to the Oklahoma Real Estate Commission evidence of completion
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18 of a specified number of hours of continuing education courses
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19 approved by the Commission, within the thirty-six (36) months
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20 immediately preceding the term for which the license is to be
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21 issued. The number of hours, or its equivalent, required for each
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22 licensed term shall be determined by the Commission and promulgated
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23 by rule. Each licensee shall be required to complete and include as
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1 part of said continuing education a certain number of required
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2 subjects as prescribed by rule.
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3 B. The continuing education courses required by this section
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4 shall be satisfied by courses approved by the Commission and offered
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5 by:
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6 1. The Commission;
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7 2. A technology center school;
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8 3. A college or university;
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9 4. A private school;
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10 5. The Oklahoma Association of Realtors, the National
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11 Association of Realtors, or any affiliate thereof;
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12 6. The Oklahoma Bar Association, American Bar Association, or
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13 any affiliate thereof; or
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14 7. An education provider.
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15 C. The Commission shall maintain a list of courses which are
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16 approved by the Commission.
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17 D. The Commission shall not issue an active renewal license or
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18 reactivate a license unless the continuing education requirement set
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19 forth in this section is satisfied within the prescribed time
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20 period.
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21 E. The provisions of this section do not apply:
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22 1. During the period a license is on inactive status;
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23 2. To a licensee who holds a provisional sales associate
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24 license;
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1 3. To a nonresident licensee licensed in this state if the
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2 licensee maintains a current license in another state or states and
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3 has satisfied the continuing education requirement for license
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4 renewal in that state or states. If the nonresident licensee is
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5 exempt from the continuing education requirements in all states
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6 where the nonresident holds a license, the nonresident licensee
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7 shall successfully complete this state's continuing education
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8 requirement for license renewal or reactivation; or
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9 4. To a corporation, association, partnership, or branch
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10 office.
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11 F. The Oklahoma Real Estate Commission shall require each
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12 licensee to receive a specified number of hours of continuing
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13 education courses on deed theft, as defined in Section 1 of this
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14 act. Each licensee shall be required to complete such continuing
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15 education on or before November 1, 2028.
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16 SECTION 3. AMENDATORY 59 O.S. 2021, Section 858-351, is
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17 amended to read as follows:
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18 Section 858-351. Unless the context clearly indicates
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19 otherwise, as used in Sections 858-351 through 858-363 of The
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20 Oklahoma Real Estate License Code, and Section 4 of this act:
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21 1. "Broker" means a real estate broker, an associated broker
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22 associate, sales associate, or provisional sales associate
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23 authorized by a real estate broker to provide brokerage services;
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1 2. "Brokerage services" means those services provided by a
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2 broker to a party in a transaction;
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3 3. "Party" means a person who is a seller, buyer, landlord, or
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4 tenant or a person who is involved in an option or exchange;
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5 4. "Transaction" means an activity or process to buy, sell,
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6 lease, rent, option or exchange real estate. Such activities or
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7 processes may include, without limitation, soliciting, advertising,
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8 showing, or viewing real property, presenting offers or
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9 counteroffers, entering into agreements, and closing such
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10 agreements; and
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11 5. "Firm" means a sole proprietor, corporation, association, or
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12 partnership.
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13 SECTION 4. NEW LAW A new section of law to be codified
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14 in the Oklahoma Statutes as Section 858-364 of Title 59, unless
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15 there is created a duplication in numbering, reads as follows:
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16 As part of each closing of a transaction, notification on the
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17 signs and risks of deed theft, as defined in Section 1 of this act,
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18 shall be required to be given to the buyer. The buyer shall confirm
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19 receipt of such notification by affixing his or her signature to
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20 such notification. The Oklahoma Real Estate Commission shall
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21 promulgate rules to enact the provisions of this section.
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22 SECTION 5. This act shall become effective November 1, 2025.
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24 60-1-942 MSBB 1/19/2025 5:45:04 AM
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Req. No. 942 Page 5Every fact on this page links to its source, starting with the official bill record.