On May 22, 2025, OKL LEG reported bill became law without the governor's signature.
On May 15, OKL LEG passed bill mandating certain disclosures.
OKL LEG passed SB 1075, making amendments to OKL LEG 59-858-102, The Oklahoma Real Estate License Code, to prohibit certain practices without disclosures.
Bill Provisions
Requires wholesalers to provide certain disclosures and prohibits certain practices.
Mandates certain requirements for the contract or agreement used by a wholesaler.
Failure to include any of the required disclosures shall render the contract invalid.
Requires the Oklahoma Real Estate Commission to promulgate rules for persons called into active military service to satisfy the post-licensing educational requirement.
Legislative History
On Feb. 3, 2025, bill introduced in Senate; on Mar. 18, 2025, bill passed in Senate.
On Mar. 24, 2025, bill introduced in House; on May 6, 2025, bill passed in House.
On May 14, 2025, House amendment passed; on May 15, 2025, bill sent to governor.
Effectiveness
Upon approval, this act shall become effective Nov. 1, 2025.
May 2025 OKL LEG Law Without Signature
On May 22, 2025, OKL LEG reported bill became law without the governor's signature.
Regulators
OKL LEG
Entity Types
Corp
Reference
Bill, 5/22/2025; Bill SB1075, 5/15/2025; Citation: OKL LEG 59;
