Broker compensation; authorizing offer of compensation for certain services; providing certain exceptions. Effective date.
SB 1062 (2025) amends Oklahoma law to clarify broker compensation rules for real estate transactions. It allows brokers or property owners to offer payment to licensed Oklahoma real estate professionals for services like buying, selling, or leasing property, without violating duties to other parties. The bill explicitly states brokers aren’t required to charge separate fees or offer compensation, while confirming that fee-based compensation (e.g., based on sale price) doesn’t breach obligations. This law takes effect November 1, 2025, and directly affects brokers, property owners, and licensed real estate professionals in Oklahoma.
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 amended to transition from the House version to the Senate floor version, incorporating committee amendments and adding a House sponsor (Moore) to the original Senate sponsor (Rosino). The substantive policy content regarding broker compensation remains unchanged, with only formatting and procedural updates reflecting the bill's progression through the legislative process.
TECHNICAL
Added Moore of the House as a co-sponsor alongside Rosino of the Senate, indicating House support for the legislation.
Updated header from 'HOUSE OF REPRESENTATIVES' to 'SENATE FLOOR VERSION' with new date February 27, 2025, reflecting the bill's current legislative stage.
Revised committee report section to show February 27, 2025 date with 'DO PASS' recommendation instead of the previous April 15, 2025 Government Oversight Committee date.
Updated page headers from 'SB1062 HFLR' to 'SENATE FLOOR VERSION - SB1062 SFLR' with revised formatting notes about bold face amendments.
Floor votes · Senate Mar 18, 2025 · House Apr 16, 2025
How they voted
47–0
Passed · 2 other
Total votes 49
Mar 18, 2025
D
Democratic9
100% Yea
R
Republican40
95% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
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
Ask Maddy
·
AI policy assistant
Ask Maddy about SB 1062
Scope: OK
Hi! I can help you understand SB 1062. What would you like to know?
Try one of these
i
Maddy answers using official bill text and legislative records. Always verify before sharing.
Sources cited inline