Okla. Stat. tit. 59, § 59-858-353: Broker duties and responsibilities

A. A broker shall have the following duties and

responsibilities to all parties in a transaction, which are

mandatory and may not be abrogated or waived by a broker:

1. Treat all parties with honesty and exercise reasonable skill

and care;

2. Unless specifically waived in writing by a party to the

transaction:

a. receive all written offers and counteroffers,

b. reduce offers or counteroffers to a written form upon

request of any party to a transaction, and

c. present timely all written offers and counteroffers;

3. Timely account for all money and property received by the

broker;

4. Keep confidential information received from a party or

prospective party confidential. The confidential information shall

not be disclosed by a firm without the consent of the party

disclosing the information unless consent to the disclosure is

granted in writing by the party or prospective party disclosing the

information, the disclosure is required by law, or the information

is made public or becomes public as the result of actions from a

source other than the firm. The following information shall be

considered confidential and shall be the only information considered

confidential in a transaction:

a. that a party or prospective party is willing to pay

more or accept less than what is being offered,

b. that a party or prospective party is willing to agree

to financing terms that are different from those

offered,

c. the motivating factors of the party or prospective

party purchasing, selling, leasing, optioning or

exchanging the property, and

d. information specifically designated as confidential by

a party unless such information is public;

5. Disclose information pertaining to the property as required

by the Residential Property Condition Disclosure Act;

6. Comply with all requirements of The Oklahoma Real Estate

License Code and all applicable statutes and rules; and

7. Disclose:

a. information pertaining to compensation and fees

assessed on each transaction to the represented party,

which shall be communicated in writing before the

effective date of the contract for sale or lease, and

b. the time frame for which the compensation agreement is

valid, not to exceed one (1) year. If no time frame

is specified, the compensation agreement shall default

to sixty (60) days.

B. A broker shall have the following duties and

responsibilities only to a party for whom the broker is providing

brokerage services in a transaction which are mandatory and may not

be abrogated or waived by a broker:

1. Inform the party in writing when an offer is made that the

party will be expected to pay certain costs, brokerage service costs

and the approximate amount of the costs; and

2. Keep the party informed regarding the transaction.

C. When working with both parties to a transaction, the duties

and responsibilities set forth in this section shall remain in place

for both parties.