SB 1068 Oklahoma Senate · 2026 Regular Session

Real estate brokers; requiring written memorialization of certain working relationship; establishing certain limitations. Effective date.

SB 1068 requires Oklahoma real estate brokers to provide a written agreement with buyers before offering services specific to home purchases, such as assistance with buying a home. This written document must outline the broker's responsibilities and the scope of services provided. The bill aims to increase transparency in the broker-buyer relationship by mandating clear, documented terms. It directly affects real estate brokers and buyers in Oklahoma who engage in these home-buying transactions.

Bill status in committee 1 of 4 stages cleared

Introduction

Feb 2025

Committee Review

Floor Vote

Governor

Introduced Feb 3, 2025 Last action Mar 4, 2025

Maddy AI version diff · 2 comparisons

What changed between versions

SB1068 (3-24-25) (ROSINO) FA1.PDF → Floor (Senate) · 5 edits

MODERATE

This bill establishes mandatory written agreements between buyers and brokers before touring homes, requiring brokers to disclose compensation details upfront, and setting a one-year default limit on compensation agreements. The changes strengthen consumer protections by ensuring transparency in real estate transactions and preventing automatic contract renewals without explicit consent.

Scope change

Applies to all real estate brokers in Oklahoma transactions, with specific new requirements for buyer-broker relationships

REQUIREMENT

Requires written memorialization of buyer-broker relationships before touring homes at broker direction

Mandates written disclosure of compensation and fees before contract effective date

Sets default compensation agreement validity period to 60 days if no timeframe is specified

Prohibits contract terms that cause automatic renewal without additional agreement from both parties

TIMELINE

Establishes effective date of November 1, 2025

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

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