SB 1075 Oklahoma Senate · 2025 Regular Session

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

SB 1075 amends Oklahoma's Real Estate License Code to regulate real estate wholesalers. It defines "wholesaler" as anyone facilitating residential property sales primarily to transfer their interest for profit (including contract assignments and "double closings"). The bill requires wholesalers to provide specific disclosures to buyers and sellers, making contracts invalid without proper disclosure. It also mandates the Oklahoma Real Estate Commission to create required disclosure forms. This directly affects real estate professionals engaged in wholesale transactions.
Bill status passed both 4 of 5 stages cleared
Introduction
Feb 2025
Committee Review
May 2025
Senate Passage
May 2025
House Passage
May 2025
Governor
Introduced Feb 3, 2025 Last action May 22, 2025
Maddy AI version diff · 6 comparisons

What changed between versions

Floor (House) Floor (Senate) · 3 edits
MINOR
The bill was transitioned from the House version to the Senate floor version, with minor formatting adjustments and renumbering of sections. The substantive policy content regarding real estate license definitions and regulations remains unchanged.
TECHNICAL

Header changed from 'HOUSE OF REPRESENTATIVES' to 'SENATE FLOOR VERSION' with updated date to February 27, 2025

Section numbering was reorganized to align with Senate floor markup conventions

Page headers updated from 'HFLR' to 'SFLR' to reflect Senate floor version

Floor votes

How they voted

This bill passed the Senate by voice vote (no roll call recorded).
Full legislative history

Actions timeline

Total actions
31
Key actions
9
Committee
7
Amendments
1
May 14, 2025
Committee
Referred for enrollment
upper
May 14, 2025
Upper · Passed
Measure passed: Ayes: 39 Nays: 2
upper
May 14, 2025
Upper · Passed
HAs adopted
upper
May 7, 2025
Lower · Passed
Engrossed, signed, to Senate
lower
May 6, 2025
Committee
Referred for engrossment
lower
May 6, 2025
Lower · Passed
Third Reading, Measure passed: Ayes: 89 Nays: 4
lower
May 6, 2025
Introduced
Amended by floor substitute
lower
Apr 16, 2025
Lower · Passed
CR; Do Pass, amended by committee substitute Commerce and Economic Development Oversight Committee
lower
Apr 8, 2025
Lower · Passed
Policy recommendation to the Commerce and Economic Development Oversight committee; Do Pass Business
lower
Apr 1, 2025
Committee
Referred to Business
lower
Mar 24, 2025
Introduced
First Reading
lower
Mar 24, 2025
Upper · Passed
Engrossed to House
upper
Mar 18, 2025
Committee
Referred for engrossment
upper
Mar 18, 2025
Upper · Passed
Measure passed: Ayes: 45 Nays: 0
upper
Feb 27, 2025
Upper · Passed
Reported Do Pass Business and Insurance committee; CR filed
upper
Feb 3, 2025
Introduced
First Reading
upper
2 primary · 0 co-sponsors

Sponsors