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§ 858-359. Broker compensation--Determination of relationship--Breach of duty

Oklahoma Statutes AnnotatedTitle 59. Professions and Occupations

Oklahoma Statutes Annotated
Title 59. Professions and Occupations (Refs & Annos)
Chapter 20. Oklahoma Real Estate License Code
Article III-a. Transaction and Single-Party Brokers
59 Okl.St.Ann. § 858-359
§ 858-359. Broker compensation--Determination of relationship--Breach of duty
Currentness
A. The payment or promise of payment or compensation by a party to a broker does not determine what relationship, if any, has been established between the broker and a party to a transaction.
B. In the event a broker receives a fee or compensation from any party to the transaction based on a selling price or lease cost of a transaction, such receipt does not constitute a breach of duty or obligation to any party to the transaction.
C. Nothing in this section requires a broker to charge, or prohibits a broker from charging, a separate fee or other compensation for each duty or other brokerage services provided during a transaction.

Credits

Laws 1999, c. 194, § 9, eff. Nov. 1, 2000; Laws 2012, c. 251, § 5, eff. Nov. 1, 2013.
59 Okl. St. Ann. § 858-359, OK ST T. 59 § 858-359
Current with emergency effective legislation through Chapter 295 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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