Oct '25 • Dragon Lair General Discussion
Oklahoma SB 1075 — Effective Nov 1, 2025
New Oklahoma Wholesaling Law Takes Effect Nov. 1
Real estate wholesalers in Oklahoma — heads up! Senate Bill 1075 brings major changes aimed at transparency and consumer protection.
Here's what it means for you
You must give sellers written disclosures before signing any contract.
Disclose your intent to resell for profit and their right to legal counsel.
Sellers now have a 2-business-day cancellation window.
You can't pose as a licensed pro or place liens ("cloud titles").
Earnest money must be held in an FDIC-insured OK bank.
Contracts missing any of these disclosures? They're invalid, and sellers keep the earnest money.
What to do now:
→ Update your OK contract template with all required disclosures (get a lawyer to review it).
→ Add bold disclaimer stating your intent to assign/resell and recommend legal counsel.
→ Set up an escrow account at an Oklahoma FDIC-insured bank.
→ Train your team to never imply they're licensed agents.
→ Build in a 2+ day buffer in your deal timelines for the cancellation window.
Bottom line: Keep wholesaling, just do it transparently. Review your contracts, update your paperwork, and stay compliant before Nov. 1.
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Oklahoma SB 1075 — Effective Nov 1, 2025
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