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§ 202. Definitions

Oklahoma Statutes AnnotatedTitle 42. Liens

Oklahoma Statutes Annotated
Title 42. Liens (Refs & Annos)
Chapter 7. Commercial Real Estate Broker Lien Act
42 Okl.St.Ann. § 202
§ 202. Definitions
Currentness
As used in this act:1
1. “Commercial real estate” means any real estate other than:
a. real estate containing one to four residential units, or
b. real estate on which no buildings or structures are located and which is zoned for single-family residential use.
Commercial real estate shall not include single-family residential units such as condominiums, town houses, or homes in a subdivision when sold, leased, or otherwise conveyed on a unit-by-unit basis, even though these units may be a part of a larger building or parcel of real estate containing more than four residential units;
2. “Commission” means any and all compensation which may be due a broker for performance of licensed services; and
3. “Real estate broker” shall be defined pursuant to Section 858-102 of Title 59 of the Oklahoma Statutes.

Credits

Laws 2006, c. 166, § 2, eff. Nov. 1, 2006.

Footnotes

1
Title 42, § 201 et seq.
42 Okl. St. Ann. § 202, OK ST T. 42 § 202
Current with emergency effective legislation through Chapter 106 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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