Okla. Stat. tit. 59, § 59-858-515.1
This is the official text of Okla. Stat. tit. 59, § 59-858-515.1, 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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Size of property for sale
Official statutory text
A. In connection with any real estate transaction, the size or
area, in square footage or otherwise, of the subject property shall
not be required to be provided by any real estate licensee, and if
provided, shall not be considered any warranty or guarantee of the
size or area information, in square footage or otherwise, of the
subject property.
B. 1. If a real estate licensee provides any party to a real
estate transaction with third-party information concerning the size
or area, in square footage or otherwise, of the subject property
involved in the transaction, the licensee shall identify the source
of the information.
2. For the purposes of this subsection, “third-party
information” means:
a. an appraisal or any measurement information prepared
by a licensed appraiser,
b. a survey or developer’s plan prepared by a licensed
surveyor,
c. a tax assessor's public record,
d. a builder’s plan used to construct or market the
property, or
e. a plan, drawing or stated square footage provided by
the owner or agent of the owner, as it relates to
commercial buildings or structures for sale or for
lease only. Commercial land shall be verified by one
of the methods provided for in subparagraphs a through
d of this paragraph.
C. A real estate licensee has no duty to the seller or
purchaser of real property to conduct an independent investigation
of the size or area, in square footage or otherwise, of a subject
property, or to independently verify the accuracy of any third-party
Oklahoma Statutes - Title 59. Professions and Occupations Page 737
information as such term is defined in paragraph 2 of subsection B
of this section.
D. A real estate licensee who has complied with the
requirements of this section, as applicable, shall have no further
duties to the seller or purchaser of real property regarding
disclosed or undisclosed property size or area information, and
shall not be subject to liability to any party for any damages
sustained with regard to any conflicting measurements or opinions of
size or area, including exemplary or punitive damages.
area, in square footage or otherwise, of the subject property shall
not be required to be provided by any real estate licensee, and if
provided, shall not be considered any warranty or guarantee of the
size or area information, in square footage or otherwise, of the
subject property.
B. 1. If a real estate licensee provides any party to a real
estate transaction with third-party information concerning the size
or area, in square footage or otherwise, of the subject property
involved in the transaction, the licensee shall identify the source
of the information.
2. For the purposes of this subsection, “third-party
information” means:
a. an appraisal or any measurement information prepared
by a licensed appraiser,
b. a survey or developer’s plan prepared by a licensed
surveyor,
c. a tax assessor's public record,
d. a builder’s plan used to construct or market the
property, or
e. a plan, drawing or stated square footage provided by
the owner or agent of the owner, as it relates to
commercial buildings or structures for sale or for
lease only. Commercial land shall be verified by one
of the methods provided for in subparagraphs a through
d of this paragraph.
C. A real estate licensee has no duty to the seller or
purchaser of real property to conduct an independent investigation
of the size or area, in square footage or otherwise, of a subject
property, or to independently verify the accuracy of any third-party
Oklahoma Statutes - Title 59. Professions and Occupations Page 737
information as such term is defined in paragraph 2 of subsection B
of this section.
D. A real estate licensee who has complied with the
requirements of this section, as applicable, shall have no further
duties to the seller or purchaser of real property regarding
disclosed or undisclosed property size or area information, and
shall not be subject to liability to any party for any damages
sustained with regard to any conflicting measurements or opinions of
size or area, including exemplary or punitive damages.
Status: in_force · Read it on the official government site
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