Oklahoma SB1068 mandates written agreements for real estate broker-buyer relationships and sets compensation limits.
Oklahoma SB1068 amends the duties and responsibilities of real estate brokers, requiring written agreements between brokers and buyers. These agreements must specify the duration of the relationship, which cannot exceed one year, and the compensation terms, including commissions and fees. The bill also mandates that brokers treat all parties with honesty, exercise reasonable skill and care, and keep confidential information secure. Effective date provisions are included.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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