If You have not signed a Buyer/Broker Agreement with an Oklahoma Real Estate licensee, then you should feel free to call the phone number that is on the for sale sign in front of the property for sale.
Oklahoma is a Transaction Broker State. When a licensee works as a transaction broker, they work with both sides of the transaction, buyer and seller.
There is confidential information that the licensee cannot pass on to either side.
From the Transaction Broker Disclosure Form supplied by the Oklahoma Real Estate Commission:
The Duties of a Transaction Broker:
Description of Transaction Broker Services. A Broker providing services as a Transaction Broker shall:
(a) perform the terms of the Agreement to which this Addendum is attached;
(b) treat all parties to the transaction with honesty and exercise reasonable skill and care;
(c) be available to (i) receive all written offer and counteroffers; (ii) reduce all offers or counteroffers to a written form upon request of any party to a transaction; and (iii) present timely such written offers and counteroffers;
(d) when an offer is made the Broker shall inform in writing the party for whom the Broker is providing services that such party will be expected to pay certain closing costs, brokerage service costs and the approximate amount of those costs;
(e) timely account for all money and property received by the Broker;
(f) keep confidential information received from a party confidential as set forth in paragraph 3 below;
(g) disclose information pertaining to the Property as required by Residential Property Condition Disclosure Act;
(h) inform the party for whom the Broker is providing services that the party will not be vicariously liable for the acts or omission of the Broker; and
(i) comply with all requirements of the Oklahoma Real Estate License Code and all applicable statutes and rules.
Confidential Information:
3. Confidential Information That Cannot be Disclosed by Broker. The following information is considered confidential, and Broker will not disclose: (a) that a party is willing to pay more or accept less than what is being offered; (b) that a party is willing to agree to financing terms that are different from those offered; and (c) the motivating factors of a party purchasing, selling, leasing, optioning or exchanging the Property. Confidential information may be disclosed if consent is granted by the 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 Broker.
When you work with a Transaction Broker in Oklahoma, they will go over the transaction broker disclosure form with you and have you sign a copy of the form saying that you have read it and received a copy of the form.
Integrity Real Estate Services
Judi Barrett, Broker
Idabel, Oklahoma
580-212-5946
Specializing in the area from Haworth to Hugo. Let me show you Lake Raymond Gary, where you can own waterfront property with your own boat dock in the back yard.
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