OKL LEG Real Estate Buyer Agreements

Updated on: May 13, 2026

Latest Event


  • May 2026 OKL LEG Governor Approval
  • On May 7, 2026, OKL LEG reported bill was approved by the governor.

On May 4, OKL LEG passed bill prohibiting agreement before showing.

  • OKL LEG passed SB 1217, creating OKL LEG 59-858-355.2, re real estate brokers.
  • Prohibits requirement to enter into agreements with buyers before showing properties.
  • Bill Provisions
  • Modifies real estate brokerage agreement requirements by clarifying that brokers are not required to enter into agreements with buyers prior to showing properties
  • However, a managing or proprietor broker may require branch brokers, broker associates, or sales associates to obtain such an agreement before showing a property.
  • Legislative History
  • On Feb. 2, 2026, bill was introduced in Senate; on Mar. 24, 2026, bill passed Senate.
  • On Mar. 25, 2026, bill introduced in House; on May 4, 2026, bill passed in the House.
  • Effectiveness
  • Upon approval, act shall become effective Nov. 1, 2026.
  • May 2026 OKL LEG Governor Approval
  • On May 7, 2026, OKL LEG reported bill was approved by the governor.
Regulators
OKL LEG
Entity Types
CNSM; IB; MG Orig
Reference
Bill, 5/11/2026; Bill SB1217, 5/7/2026; Bill, SB1217, 5/4/2026; Citation: OKL LEG 59;
Functions
Compliance; Legal; Operations; Sales Practices
Countries
United States of America
Category
State
N/A
Products
Mortgage
Rule Type
Final
Regions
Am
Rule Date
May 4, 2026
Effective Date
Nov 1, 2026
Rule ID
296916
Linked to
N/A
Reg. Last Update
May 7, 2026
Report Section
US Consumer