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Bill > SB1217
OK SB1217
OK SB1217Real estate brokers; prohibiting requirement to enter into certain agreements. Effective date.
summary
Introduced
02/02/2026
02/02/2026
In Committee
04/20/2026
04/20/2026
Crossed Over
03/25/2026
03/25/2026
Passed
05/11/2026
05/11/2026
Dead
Signed/Enacted/Adopted
05/11/2026
05/11/2026
Introduced Session
2026 Regular Session
Bill Summary
An Act ENROLLED SENATE BILL NO. 1217 By: Daniels, Guthrie, Bullard, and Prieto of the Senate and Osburn, Banning, and Adams of the House An Act relating to real estate brokers; prohibiting requirement for broker to enter into certain agreement to show certain real estate; allowing certain brokers to require certain associate to enter into certain agreement prior to certain action; providing for codification; and providing an effective date. SUBJECT: Real estate brokers
AI Summary
This bill, effective November 1, 2026, clarifies rules for real estate brokers by prohibiting the requirement for a broker to enter into a formal agreement with a buyer before showing them a property for purchase, lease, option, or exchange. However, it allows a managing broker or proprietor broker (the main broker in charge) to require their affiliated brokers or sales associates (branch brokers, broker associates, or sales associates) to have such an agreement with a buyer before they show them a property.
Committee Categories
Business and Industry
Sponsors (7)
Julie Daniels (R)*,
Mike Osburn (R)*,
Stacy Jo Adams (R),
Chris Banning (R),
David Bullard (R),
Brian Guthrie (R),
Dana Prieto (R),
Last Action
Approved by Governor 05/07/2026 (on 05/11/2026)
Taxonomy
Banking, Finance, and Domestic Commerce
- ‐ Other Commerce
Official Document
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