Broker compensation; authorizing offer of compensation for certain services; providing certain exceptions. Effective date.
SB 1062 clarifies regulations regarding real estate broker compensation for licensed professionals in Oklahoma. The bill authorizes a broker or real estate owner of record to offer compensation to other licensed real estate professionals for services related to the purchase, lease, sale, transfer, or exchange of real estate in the state. It clarifies that receiving compensation based on a selling price or lease cost is not a breach of duty. The bill also states that brokers are not required to charge separate fees for each service or to offer compensation to other professionals. This act is set to become effective on November 1, 2025.
Bill status
signed
all 5 stages cleared
Introduction
Feb 2025
Committee Review
Apr 2025
Senate Passage
Mar 2025
House Passage
Apr 2025
Signed into Law
Apr 2025
Introduced Feb 3, 2025
Signed Apr 17, 2025
Maddy AI version diff · 4 comparisons
What changed between versions
Floor (House)
→
Floor (Senate)
·
4 edits
MODERATE
This bill was converted from the House version to the Senate floor version, adding a new sponsor (Moore of the House) and updating committee reports to reflect Senate action. The substantive policy content regarding broker compensation remains unchanged, with only formatting and version identifiers modified.
TECHNICAL
Header changed from 'HOUSE OF REPRESENTATIVES' to 'SENATE FLOOR VERSION' with updated date to February 27, 2025
Added Moore of the House as a co-sponsor to the Senate version
Updated committee report attribution from House Committee on Government Oversight to Senate Committee on Business and Insurance with new date
Changed page footer from 'SB1062 HFLR' to 'SENATE FLOOR VERSION - SB1062 SFLR'
Floor votes
How they voted
This bill passed the Senate by voice vote (no roll call recorded).
Full legislative history
Actions timeline
Total actions
22
Key actions
7
Committee
6
Apr 17, 2025
Signed into law
Approved by Governor 04/17/2025
upper
Apr 16, 2025
Committee
Referred for enrollment
upper
Apr 16, 2025
Lower · Passed
Third Reading, Measure passed: Ayes: 86 Nays: 0
lower
Apr 15, 2025
Lower · Passed
CR; Do Pass Government Oversight Committee
lower
Apr 8, 2025
Lower · Passed
Policy recommendation to the Government Oversight committee; Do Pass Banking, Financial Services and Pensions
lower
Apr 1, 2025
Committee
Referred to Banking, Financial Services and Pensions
lower
Mar 24, 2025
Introduced
First Reading
lower
Mar 24, 2025
Upper · Passed
Engrossed to House
upper
Mar 18, 2025
Committee
Referred for engrossment
upper
Mar 18, 2025
Upper · Passed
Measure passed: Ayes: 45 Nays: 0
upper
Feb 27, 2025
Upper · Passed
Reported Do Pass Business and Insurance committee; CR filed
upper
Feb 3, 2025
Introduced
First Reading
upper
2 primary · 0 co-sponsors
Sponsors
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