Okla. Stat. tit. 59, § 59-858-355.1
This is the official text of Okla. Stat. tit. 59, § 59-858-355.1, part of Oklahoma’s Stat. tit. 59, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 59,." Browse the sections below, each linked to its official government source.
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Brokerage services to both parties in transaction -
Official statutory text
Disclosure.
A. All brokerage agreements shall incorporate as material terms
the duties and responsibilities set forth in Section 858-353 of The
Oklahoma Real Estate License Code.
B. A broker may provide brokerage services to one or both
parties in a transaction.
C. A broker who is providing brokerage services to one or both
parties shall describe and disclose in writing the broker's duties
and responsibilities set forth in Section 858-353 of The Oklahoma
Real Estate License Code prior to the party or parties signing a
contract to sell, purchase, lease, option, or exchange real estate.
D. A firm that provides brokerage services to both parties in a
transaction shall provide written notice to both parties that the
firm is providing brokerage services to both parties to a
transaction prior to the parties signing a contract to purchase,
lease, option or exchange real estate.
E. If a broker intends to provide fewer brokerage services than
those required to complete a transaction, the broker shall provide
written disclosure to the party for whom the broker is providing
brokerage services. Such disclosure shall include a description of
Oklahoma Statutes - Title 59. Professions and Occupations Page 731
those steps in the transaction for which the broker will not provide
brokerage services, and also state that the broker assisting the
other party in the transaction is not required to provide assistance
with these steps in any manner.
A. All brokerage agreements shall incorporate as material terms
the duties and responsibilities set forth in Section 858-353 of The
Oklahoma Real Estate License Code.
B. A broker may provide brokerage services to one or both
parties in a transaction.
C. A broker who is providing brokerage services to one or both
parties shall describe and disclose in writing the broker's duties
and responsibilities set forth in Section 858-353 of The Oklahoma
Real Estate License Code prior to the party or parties signing a
contract to sell, purchase, lease, option, or exchange real estate.
D. A firm that provides brokerage services to both parties in a
transaction shall provide written notice to both parties that the
firm is providing brokerage services to both parties to a
transaction prior to the parties signing a contract to purchase,
lease, option or exchange real estate.
E. If a broker intends to provide fewer brokerage services than
those required to complete a transaction, the broker shall provide
written disclosure to the party for whom the broker is providing
brokerage services. Such disclosure shall include a description of
Oklahoma Statutes - Title 59. Professions and Occupations Page 731
those steps in the transaction for which the broker will not provide
brokerage services, and also state that the broker assisting the
other party in the transaction is not required to provide assistance
with these steps in any manner.
Status: in_force · Read it on the official government site
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