PRIA Logo™
OklahomaSB 1075Oklahoma 2026 Regular SessionSenate

Oklahoma Real Estate License Code; prohibiting certain practices without disclosure. Effective date.

Sponsored By: Paul Rosino (Republican)

Became Law

Senate Committee

Personalized for You

How does this bill affect your finances?

Personalize government policy and PRIA will tell you what this bill means for your household, plus every other piece of legislation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.

Free to download

Bill Overview

Analyzed Economic Effects

2 provisions identified: 2 benefits, 0 costs, 0 mixed.

Homeowners can cancel wholesaler deals without penalty

Beginning November 1, 2025, Oklahoma homeowners can cancel wholesaler contracts without penalty within two business days after signing. Saturdays, Sundays, and state or federal public holidays do not count. The Oklahoma Real Estate Commission must adopt rules and provide a free cancellation form online; wholesalers must include it with every contract. Missing required disclosures makes the contract invalid and unenforceable by the wholesaler, and entitles the homeowner to any earnest money deposit. Wholesalers’ earnest money and security deposits must stay in an Oklahoma escrow account at a federally insured financial institution. Homeowners can also end the contract at any time if the wholesaler fails to comply with the law.

More safeguards for homeowners selling to wholesalers

Beginning November 1, 2025, Oklahoma law adds safeguards for homeowners dealing with residential real estate wholesalers. This includes sellers who transfer purchase-contract rights and double closings without plans to live in or materially improve the home. Before signing, wholesalers must disclose plans to resell their contract interest for more than their offer and explain cancellation rights. Contracts must list the wholesaler’s name, address and phone number, the property address, total payment, and all payment or service terms. A prominent notice near the seller’s signature must name the wholesaler, give the cancellation deadline, advise consulting an attorney, and state that the contract contains the entire agreement. Wholesalers cannot act as the homeowner’s advisor or representative, claim credentials they lack, or place liens or other title restrictions.

Sponsors & Cosponsors

Sponsor

  • Paul Rosino

    Republican • Senate

Cosponsors

  • Brian Hill

    Republican • House

  • Anthony Moore

    Republican • House

Roll Call Votes

All Roll Calls

Yes: 207 • No: 6

Senate vote • 5/14/2025

FOURTH READING

Yes: 39 • No: 2

House vote • 5/6/2025

THIRD READING

Yes: 89 • No: 4

House vote • 4/15/2025

DO PASS

Yes: 18 • No: 0

House vote • 4/8/2025

DO PASS

Yes: 6 • No: 0

Senate vote • 3/18/2025

THIRD READING

Yes: 45 • No: 0

Senate vote • 2/27/2025

Committee vote: Business & Insurance

Yes: 10 • No: 0

Actions Timeline

  1. Becomes law without Governor's signature 05/22/2025

    5/22/2025Senate

  2. Sent to Governor

    5/15/2025Senate

  3. Enrolled, to House

    5/15/2025Senate

  4. Signed, returned to Senate

    5/15/2025House

  5. Referred for enrollment

    5/14/2025Senate

  6. Measure passed: Ayes: 39 Nays: 2

    5/14/2025Senate

  7. HAs adopted

    5/14/2025Senate

  8. HAs read

    5/7/2025Senate

  9. Engrossed, signed, to Senate

    5/7/2025House

  10. Referred for engrossment

    5/6/2025House

  11. Third Reading, Measure passed: Ayes: 89 Nays: 4

    5/6/2025House

  12. Amended by floor substitute

    5/6/2025House

  13. Returned to General Order

    5/6/2025House

  14. Third Reading

    5/6/2025House

  15. Coauthored by Representative(s) Hill

    5/6/2025House

  16. General Order

    5/6/2025House

  17. CR; Do Pass, amended by committee substitute Commerce and Economic Development Oversight Committee

    4/16/2025House

  18. Policy recommendation to the Commerce and Economic Development Oversight committee; Do Pass Business

    4/8/2025House

  19. Referred to Business

    4/1/2025House

  20. Second Reading referred to Commerce and Economic Development Oversight

    4/1/2025House

  21. First Reading

    3/24/2025House

  22. Engrossed to House

    3/24/2025Senate

  23. Referred for engrossment

    3/18/2025Senate

  24. Measure passed: Ayes: 45 Nays: 0

    3/18/2025Senate

  25. General Order, Considered

    3/18/2025Senate

Bill Text

  • Enrolled (final version)

    5/15/2025

    PDF

  • Amended And Engrossed

    5/7/2025

    PDF

  • Floor (House)

    4/21/2025

    PDF

  • House Committee Report

    4/16/2025

    PDF

  • House Committee Substitute for Senate Bill

    4/16/2025

    PDF

  • House Policy Committee Report

    4/8/2025

    PDF

  • Engrossed

    3/24/2025

    PDF

  • Floor (Senate)

    3/3/2025

    PDF

  • Senate Committee Report

    2/27/2025

    PDF

  • Introduced

    1/16/2025

    PDF

Related Bills

Back to State Legislation