Okla. Stat. tit. 59, § 858-359
Broker Compensation - Determination of Relationship - Breach of Duty
Effective Nov 1, 2013Laws 1999, HB 1178, c. 194, § 9, eff. November 1, 2000; Amended by Laws 2012, HB 2524, c. 251, § 5, eff. November 1, 2013 (superseded document available).
- A. The payment or promise of payment or compensation by a party to a broker does not determine what relationship, if any, has been established between the broker and a party to a transaction.
- B. In the event a broker receives a fee or compensation from any party to the transaction based on a selling price or lease cost of a transaction, such receipt does not constitute a breach of duty or obligation to any party to the transaction.
- C. Nothing in this section requires a broker to charge, or prohibits a broker from charging, a separate fee or other compensation for each duty or other brokerage services provided during a transaction.
Laws 1999, HB 1178, c. 194, § 9, eff. November 1, 2000; Amended by Laws 2012, HB 2524, c. 251, § 5, eff. November 1, 2013 (superseded document available).