Flat Fee MLS - Oklahoma
Oklahoma law allows consumers who use brokers to instruct them that they do not want certain minimum services otherwise required by Oklahoma law. In this way, Oklahoma law preserves for consumers the choice of brokerage services they wish to purchase.
Oklahoma law prohibits real estate brokers from paying part of their commission to unlicensed individuals. Because consumers do not have real estate licenses, Oklahoma law prevents them from receiving rebates. Oklahoma consumers are unable to benefit from rebates that customers in other states may receive.
Learn more about:
- Brokerage services: Discount Brokers Can Make Selling a Home Less Costly
- Rebates: Rebates Make Buying a Home Less Expensive
Antitrust Division documents:
Press releases:
- Justice Department Statement on Oklahoma Legislature’s Proposed Real Estate Legislation (05/25/2005)
- Justice Department Urges Oklahoma State Legislature to Continue to Allow Choice in Real Estate Services (04/08/2005)
Comment letters:
- Letter to the Oklahoma Real Estate Commission Re: Website Notice Regarding SB 673 (09/21/2005)
- Letter to the Oklahoma Senate and House of Representatives Re: Oklahoma Senate Bill 673 (04/08/2005)
Related documents on the Internet:
- Oklahoma Code, Title 59 §§ 858-353 and 354 allowing consumers to contract with brokers for services they want to purchase
- Oklahoma Code, Title 59 § 858-312(21) prohibiting payment of rebates
- Oklahoma Attorney General Edmondson’s Summary of Opinions including interpretation of Oklahoma’s minimum service law
Oklahoma Real Estate Commission
orec.help at orec.ok.gov
2401 NW 23rd Suite 18 Oklahoma City, OK 73107
Phone: 405-521-3387 Fax: 405-521-2189