Oklahoma SB1075 amends the Oklahoma Real Estate License Code to define terms and require disclosures from real estate wholesalers.
Oklahoma SB1075 amends the Oklahoma Real Estate License Code to define key terms such as "real estate," "broker," and "wholesaler." The bill requires wholesalers to provide specific disclosures to homeowners before executing any contract, including their intent to assign or sell the property for a higher price. Failure to include these disclosures renders the contract invalid and unenforceable.
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- Core Provisions
- Implementation
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- Legal Framework
- Critical Issues
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