Oklahoma Senate Bill SB1225

Oklahoma 2026 Regular Session

• Introduced: 2/2/26
• Refer: 2/3/26

Caption

Oklahoma Real Estate License Code; requiring disclosures of fees; prohibiting certain requirements to show real estate. Effective date.

Summary

SB 1225 amends the Oklahoma Real Estate License Code to change how brokers and agents handle compensation, fees, and showings. The bill would allow a real estate broker or agent to negotiate compensation and fees with the represented party in advance of services, and it requires brokers to disclose information about compensation and fees before services are provided, including who will pay and the amount of each payment for each transaction. The bill also requires a broker who charges and collects fees in advance to provide a detailed accounting of expenditures within 10 days after the scheduled services are to be performed, or upon written request, but no later than one year from the contract date. In addition, it prohibits requiring a buyer broker showing agreement or contract before showing real estate. The act would take effect November 1, 2026.

Impact

SB 1225 would amend 59 O.S. 2021, Section 858-303B, altering disclosure and accounting obligations for real estate brokers and agents in Oklahoma. It would also limit the ability of brokers or agents to require a buyer-broker showing agreement before a property showing, affecting brokerage practices, buyer representation, and pre-showing contract procedures across the state.

Sentiment

Based on the bill text and available legislative context, the measure appears to be framed as a consumer-disclosure and real estate-practice reform bill rather than a controversial policy change. No committee transcript or vote record is available here, so there is no documented debate or recorded opposition in the provided materials. The caption and introduced language suggest a generally procedural, industry-regulation approach.

Contention

The main points of potential contention are the new disclosure requirements for compensation and fees, the obligation to provide detailed expense accounting for advance-collected fees, and the prohibition on requiring a buyer-broker showing agreement before a showing. These provisions may be viewed as increasing transparency and consumer flexibility by buyers and consumer advocates, while brokers and real estate industry participants could see them as limiting contractual control and adding compliance burdens.