Okla. Stat. tit. 59, § 59-858-360
This is the official text of Okla. Stat. tit. 59, § 59-858-360, 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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Abrogation of common law principles of agency –
Official statutory text
Remedies cumulative.
A. The duties and responsibilities of a broker specified in
Sections 858-351 through 858-363 of The Oklahoma Real Estate License
Code shall replace and abrogate the fiduciary or other duties of a
broker to a party based on common law principles of agency. The
remedies at law and equity supplement the provisions of Sections
858-351 through 858-363 of The Oklahoma Real Estate License Code.
B. A broker may cooperate with other brokers in a transaction.
Pursuant to Sections 858-351 through 858-363 of The Oklahoma Real
Estate License Code, a broker shall not be an agent, subagent, or
dual agent and an offer of subagency shall not be made to other
brokers.
C. Nothing in this act shall prohibit a broker from entering
into an agreement for brokerage services not enumerated herein so
long as the agreement is in compliance with this act, the Oklahoma
Real Estate Code and the Oklahoma Real Estate Commission
Administration Rules.
A. The duties and responsibilities of a broker specified in
Sections 858-351 through 858-363 of The Oklahoma Real Estate License
Code shall replace and abrogate the fiduciary or other duties of a
broker to a party based on common law principles of agency. The
remedies at law and equity supplement the provisions of Sections
858-351 through 858-363 of The Oklahoma Real Estate License Code.
B. A broker may cooperate with other brokers in a transaction.
Pursuant to Sections 858-351 through 858-363 of The Oklahoma Real
Estate License Code, a broker shall not be an agent, subagent, or
dual agent and an offer of subagency shall not be made to other
brokers.
C. Nothing in this act shall prohibit a broker from entering
into an agreement for brokerage services not enumerated herein so
long as the agreement is in compliance with this act, the Oklahoma
Real Estate Code and the Oklahoma Real Estate Commission
Administration Rules.
Status: in_force · Read it on the official government site
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