§59-858-351. Definitions.
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/ok/title-59-professions-and-occupations/59-858-351·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Unless the context clearly indicates otherwise, as used in Sections 858-351 through 858-363 of The Oklahoma Real Estate License Code and Section 3 of this act:
1. “Broker” means a real estate broker, an associated broker associate, sales associate, or provisional sales associate authorized by a real estate broker to provide brokerage services;
2. “Brokerage services” means those services provided by a broker to a party in a transaction;
3. “Deed theft” means to:
a. intentionally alter, falsify, forge, or misrepresent a
document relating to real property with the intent to
deceive, defraud, or unlawfully transfer or encumber
the ownership rights of the owner of the real
property,
b. misrepresent oneself as the owner or authorized
representative of the owner of real property in order
to obtain ownership or possession of such real
property, or
c. with intent to defraud, take, obtain, steal, or
transfer title or ownership of real property by fraud,
forgery, larceny, or any other fraudulent or deceptive
practice;
4. “Firm” means a sole proprietor, corporation, association, or partnership;
5. “Party” means a person who is a seller, buyer, landlord, or tenant or a person who is involved in an option or exchange; and
6. “Transaction” means an activity or process to buy, sell, lease, rent, option, or exchange real estate. Such activities or processes may include, without limitation, soliciting, advertising, showing, or viewing real property, presenting offers or counteroffers, entering into agreements, and closing such agreements. Added by Laws 1999, c. 194, § 1, eff. Nov. 1, 2000. Amended by Laws 2005, c. 423, § 1, emerg. eff. June 6, 2005; Laws 2012, c. 251, § 1,
eff. Nov. 1, 2013; Laws 2013, c. 240, § 2, eff. Nov. 1, 2013; Laws 2025, c. 417, § 2, eff. Nov. 1, 2025.