1hr. Oklahoma Broker Relationships Act
The practice of real estate in Oklahoma hinges on the concept of broker relationships—how the real estate professional interacts with buyers and sellers of residential, commercial, and vacant land properties, as well as with landlords and tenants. Real estate professionals assist and service the needs of buyers, sellers, landlords and tenants. These services and/or assistance work to enable the sale or lease of real property between the two parties—consummating in successfully closed real estate transactions.
Oklahoma Broker Relationships Act describes recent changes to the Broker Relationships Act, placed into law in late 2013, which make it clear that real estate professionals must manage their transactions honestly. The course describes how brokers can use the Act’s tenets to provide the public information about their services, duties and role so that all parties can make the right decisions regarding the level and type of services they require and receive.
Course highlights include:
- A historical perspective of broker relationships in Oklahoma
- A look at primary amendments to the Broker Relationships Act
- A discussion of which duties apply to all parties, and which apply to the parties to whom a broker provides brokerage services
- A look at how limited service and fee-for-service business models operate under the Broker Relationships Act