OK
Oklahoma Legislative Bills
2 legislative bills tracked for real estate wholesalers & investors
Medium Risk
Last synced: 1h ago
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SB1225Introduced Medium Risk
Oklahoma Real Estate License Code; requiring disclosures of fees; prohibiting certain requirements to show real estate. Effective date.
Summary
- SB1225 aims to amend the Oklahoma Real Estate License Code by requiring disclosures of fees associated with real estate transactions and prohibiting certain requirements for showing properties
- This legislation seeks to enhance transparency in real estate dealings
What This Means for Wholesalers
- For wholesalers, this bill may introduce new disclosure requirements that could affect how they present their contracts to potential buyers
- If the bill imposes stricter regulations on fee disclosures, wholesalers might need to adjust their practices to remain compliant
disclosure required
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SB1075Passed Medium Risk
Oklahoma Real Estate License Code; prohibiting certain practices without disclosure. Effective date.
Summary
- SB1075 amends the Oklahoma Real Estate License Code to prohibit certain practices related to real estate transactions without proper disclosure
- The bill aims to enhance transparency in real estate dealings
What This Means for Wholesalers
- This bill may impact wholesalers by requiring them to disclose specific practices when assigning contracts, potentially increasing their legal obligations
- Wholesalers may need to ensure compliance with the new disclosure requirements to avoid penalties
disclosure required
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