Oklahoma Real Estate License Code; prohibiting certain practices without disclosure. Effective date.
SB 1075 requires real estate wholesalers to provide specific disclosures before facilitating residential property sales. It defines "wholesaler" as entities securing or transferring residential real estate contracts for profit (including those using "double closings"), and prohibits certain practices without these disclosures. The bill makes contracts invalid if proper disclosure isn't provided, and mandates the Oklahoma Real Estate Commission to create required disclosure forms. This directly affects wholesalers and homebuyers by increasing transparency in residential real estate transactions. The law became effective without the Governor's signature on May 22, 2025.
Bill status
signed
all 5 stages cleared
Introduction
Feb 2025
Committee Review
May 2025
Senate Passage
May 2025
House Passage
May 2025
Signed into Law
May 2025
Introduced Feb 3, 2025
Signed May 22, 2025
Maddy AI version diff · 6 comparisons
What changed between versions
Floor (House)
→
Floor (Senate)
·
4 edits
MODERATE
The bill text was converted from the House version to the Senate floor version, resulting in significant formatting changes, updated page headers, and a reorganization of the definition numbering sequence. No substantive policy changes, new laws, or alterations to the bill's scope or requirements were made.
TECHNICAL
The document header was changed from 'HOUSE OF REPRESENTATIVES' to 'SENATE FLOOR VERSION' with an updated date.
The sponsor attribution line was restructured to list the Senate sponsor (Rosino) first, followed by the House sponsor (Moore).
The definition numbering sequence was altered, merging and renumbering items (e.g., items 5 and 8 were combined into item 5.8, and items 6 and 9 were combined into item 6.9) without changing the underlying legal meaning.
Page footers were updated to reflect the Senate version and adjusted the bold-face notation legend.
Floor votes · Senate Mar 18, 2025 · House May 6, 2025
How they voted
47–0
Passed · 2 other
Total votes 49
Mar 18, 2025
D
Democratic9
100% Yea
R
Republican40
95% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
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
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