Oklahoma § 60-836 - Duties of real estate licensee

§ 60-836. Duties of real estate licensee

A. A real estate licensee representing or assisting a seller

has the duty to obtain from the seller a disclaimer statement or a

disclosure statement and any amendment required by the Residential

Property Condition Disclosure Act and to make such statement

available to potential purchasers prior to acceptance of an offer to

purchase.

B. A real estate licensee representing or assisting a purchaser

has the duty to obtain and make available to the purchaser a

disclaimer statement or a disclosure statement and any amendment

required by the Residential Property Condition Disclosure Act prior

to the acceptance of an offer to purchase.

C. A real estate licensee has the duty to disclose to the

purchaser any defects in the property actually known to the licensee

which are not included in the disclosure statement or any amendment.

D. A real estate licensee who has complied with the

requirements of subsections A, B and C of this section, as

applicable, shall have no further duties to the seller or the

purchaser regarding any disclosures required under the Residential

Property Condition Disclosure Act.

A real estate licensee who has not complied with the

requirements of subsections A, B and C of this section shall be

subject to disciplinary action by the Oklahoma Real Estate

Commission as set forth in paragraph 6 of Section 858-208 of Title

59 of the Oklahoma Statutes.

E. A real estate licensee has no duty to the seller or the

purchaser to conduct an independent inspection of the property and

has no duty to independently verify the accuracy or completeness of

any statement made by the seller in the disclaimer statement or the

disclosure statement and any amendment.

Added by Laws 1994, c. 198, § 6, eff. July 1, 1995. Amended by Laws

2007, c. 42, § 6, eff. Jan. 1, 2008.