Oklahoma § 59-858-359 Payment to broker not determinative of relationship.

Oklahoma Statutes

§ 59-858-359 — Payment to broker not determinative of relationship.

Oklahoma·Title 59 Professions And Occupations

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.A broker or real estate owner of record may compensate or offer compensation to any real estate professional licensed by the Oklahoma Real Estate Commission for providing brokerage services in connection with the purchase, lease, sale, transfer, or exchange of real estate located in this state. D.

1.Nothing in this section requires a broker to charge, or pro

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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. A broker or real estate owner of record may compensate or offer compensation to any real estate professional licensed by the Oklahoma Real Estate Commission for providing brokerage services in connection with the purchase, lease, sale, transfer, or exchange of real estate located in this state. D. 1. 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. 2. Nothing in this section requires a broker or real estate owner of record to offer compensation to any real estate professional in this state.

Oklahoma § 59-858-359 (Payment to broker not determinative of relationship.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.