The bill amends Section 858-359 of Title 59 of the Oklahoma Statutes, which pertains to broker compensation. It clarifies that the payment or promise of payment to a broker does not determine the nature of the relationship between the broker and the parties involved in a transaction. Additionally, it states that if a broker receives compensation based on the selling price or lease cost, it does not constitute a breach of duty to any party involved.

The new legal language allows brokers or real estate owners to compensate or offer compensation to licensed real estate professionals for their services related to real estate transactions. It also specifies that brokers are not required to charge separate fees for each service provided and are not obligated to offer compensation to real estate professionals. The bill is set to take effect on November 1, 2025.