Oklahoma real estate commission residential lease 2025

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The document is a legally binding residential lease agreement provided by the Oklahoma Real Estate Commission. It outlines the terms, conditions, and responsibilities of both the landlord (Owner/Owner's Broker) and tenant(s), including details on rent payment, security deposits, maintenance obligations, legal use of the premises, and rules regarding pets and smoking. The lease also specifies procedures for eviction, breach of contract, and dispute resolution. Both parties must acknowledge their understanding of the lease and its attachments.

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Click ‘Get Form’ to open the Oklahoma Real Estate Commission Residential Lease in our editor.
Begin by filling in the Owner and Tenant information at the top of the form. Ensure all names are spelled correctly and include contact details.
In the 'Term' section, specify the Commencement Date and Expiration Date of the lease. Remember to note any agreements regarding extensions.
Enter the Rental Rate in the designated field, along with payment details. Include any late fees and conditions for dishonored checks as outlined.
Complete the Security Deposit section by entering the amount and ensure you understand its terms regarding return and deductions.
Review sections on maintenance responsibilities, legal use of premises, and any additional conditions that may apply to your lease agreement.
Finally, ensure all parties sign and date at the bottom of the document before saving or sharing it for further processing.

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Versions	Form popularity	Fillable & printable
2013	4.8 Satisfied (145 Votes)
2012	3.9 Satisfied (56 Votes)

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

How much do realtors make off a $200,000 house?

The agents commission is based on this gross amount, not the final profit from the seller after mortgages or other liens are paid off. For instance, if your property is worth $200,000 and youve agreed on a 5% commission rate, applying the formula outlined above means that the realtors commission will be $10,000.

What is the commission for realtors in Oklahoma?

Average total real estate commission in Oklahoma is 6.12% of the home sale price. This includes an average of 3.06% for the selling agent plus an average of 3.06% for the buyers agent. Heres what 6.12% works out to for three different price points: $9,792 in agent fees on a $160,000 home.

What is the Sutton rule in Oklahoma?

The Sutton approach comes from an Oklahoma case where a landlords insurance carrier sought to pursue a negligent tenant for damage caused to the landlords property. That court stated the law considers the tenant as a co-insured of the landlord absent an express agreement between them to the contrary. . . Sutton v.

How much commission does a realtor make on a $500,000 house?

How Do Real Estate Agents Get Paid? Home Sale Price6% Real Estate Commission50% to Listing Agent Brokerage 50% to Buyers Agent Brokerage $500,000 $30,000 $15,000 to each $400,000 $24,000 $12,000 to each $300,000 $18,000 $9,000 to each $100,000 $6,000 $3,000 to each1 more row

What is the new realtor law in Oklahoma?

The bill prohibits real estate service agreements longer than one year, makes these agreements non-recordable in the deed or property record, and blocks liens or claims against a property by a party that is not the owner. The bill went into effect November 1, 2024.

orec residential lease

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What are leasing commissions in real estate?

A leasing commission, or LC for short, is a fee paid by a commercial real estate landlord to a real estate broker in exchange for introducing a tenant that successfully completes a lease with the landlord. It is normally paid in the form of a percentage of the tenants yearly rent.

What is the commission for real estate in Oklahoma?

📊 The data: Our September 2025 survey of local agents found that the average real estate commission in Oklahoma is 6.12% , which is higher than the national average of 5.57%.

What are some red flags in a lease agreement?

The 2 biggest signs are not keeping up with basic maintenance. And asking for illegal terms in the lease agreement.