Oklahoma Administrative Code
Title 385 - Department of the Commissioners of the Land Office
Chapter 25 - Surface Leasing for Agricultural and Commercial Purposes
Section 385:25-1-44 - Real Estate Broker Commissions
Universal Citation: OK Admin Code 385:25-1-44
Current through Vol. 41, No. 13, March 15, 2024
(a) Commission. A real estate broker commission may be paid to a Broker who represents a commercial business that acquires a long-term commercial lease from the CLO. The broker's fee shall only be paid when the commercial business has opened the business for operation.
(b) Fee. The brokerage fee shall be no more than 6% of the market value appraisal of the land that is leased. The fee will be paid only on those tracts where CLO has agreed that brokerage fees will be paid.
Added at 22 Ok Reg 2094, eff 6-25-05
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