Is Wholesaling Real Estate Legal In Oklahoma? A 2025 Guide For Investors

Are you considering investing in real estate in Oklahoma? Wholesaling could be your ticket to lucrative opportunities, but many potential investors are held back by one crucial question: "Is wholesaling real estate legal in Oklahoma?" The answer is a definitive yes, but understanding the legalities surrounding wholesaling is paramount for success.

In this guide, we unravel the legal landscape of wholesaling in Oklahoma, dispelling myths and providing clarity on the regulations governing this investment strategy. Join us as we explore why wholesaling is not just legal but also a viable pathway to real estate success in the Sooner State, starting with the following:

• What Do You Need To Know About Wholesaling In Oklahoma?
• Is Wholesaling Real Estate Legal In Oklahoma?
• What Are The Wholesaling Laws In Oklahoma?
• Do You Need A Real Estate License To Wholesale In Oklahoma?
• Is Co-Wholesaling Real Estate Legal In Oklahoma?
• Is Reverse Wholesaling Real Estate Legal In Oklahoma?
• Oklahoma Wholesale Real Estate Contract
• Final Thoughts

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*Before we begin our guide on whether real estate wholesaling in Oklahoma is legal, we invite you to view our video on How To Wholesale Real Estate Step by Step (IN 21 DAYS OR LESS)!

Host and CEO of Real Estate Skills, Alex Martinez, provides a comprehensive, step-by-step guide for beginners to start wholesaling real estate!

What Do You Need To Know About Wholesaling In Oklahoma?

Navigating wholesaling in Oklahoma requires understanding key legalities and strategies. Firstly, ensure compliance by knowing the answer to "Is wholesaling real estate legal in Oklahoma?" Yes, it is, but with caveats. Familiarize yourself with state laws and regulations governing real estate transactions to avoid legal pitfalls—next, master market dynamics, effective networking, property identification, and exit strategies for success. With a solid foundation of knowledge and adherence to legal guidelines, aspiring wholesalers can tap into Oklahoma's real estate market confidently, paving the way for lucrative opportunities and sustainable growth.

Investors should inquire with the most prominent real estate agents to fully understand Oklahoma's real estate laws. The Oklahoma Real Estate Commission (OREC) oversees real estate activities in the state, including real estate license, application, and exam oversight.

It does not assist consumers with questions about real estate agents and appraisers, attorneys, home inspectors, mortgage companies, or other providers. Also, the Commission doesn’t help tenants with disputes with landlords unless the landlord is a licensed real estate broker. Consumers must contact an attorney to represent their interests in these issues.

Potential wholesalers may find value in connecting with the Association of Real Estate License Law Officials (ARELLO). This industry organization supports jurisdictions in administering and enforcing real estate laws. Members get access to materials, events, training, and certification programs, and by facilitating collaboration related to best practices in real estate regulation.

Another potentially valuable resource is the Oklahoma Abstractors Board. Abstracting is a somewhat unique term to Oklahoma, but every state requires some form of "abstracting." The final product is the "abstract." Other states call it evidence of a title, a title report, or a title search. No matter what it's called, the search process is done in every state.

Several city and regional real estate trade groups in Oklahoma are members of the National Association of REALTORS (NAR). The Oklahoma Association of Realtors connects real estate professionals across the state with various resources and networking opportunities. There are several local Realtor associations as well. These include:

• Oklahoma City Metropolitan Association of Realtors (OKCMAR)
• Greater Tulsa Association of Realtors (GTAR)
• Norman Board of Realtors (NBR)
• Lawton Board of Realtors (LBR)
• Edmond Board of Realtors (EBR)

Oklahoma’s laws regulating real estate are detailed in the 2019 Oklahoma Statutes Title 60.

Licensing requirements are located in Oklahoma Statutes Title 59 (Professions and Occupations §59-858-301).

You can also access a complete library of all Oklahoma statutes at the Thompson Reuters online law library.

Monthly Updates on Wholesaling Real Estate Laws in Oklahoma

We regularly monitor the legal landscape and market conditions affecting wholesaling real estate in Oklahoma. Here's what's new this month:

• June 2025: No new laws have been passed affecting the legality of wholesaling in Oklahoma.
• Oklahoma’s median home price increased 2.1% year over year, possibly creating more opportunities to find motivated sellers taking advantage of higher prices.
• Oklahoma City and Tulsa are the top two cities in Oklahoma with the highest demand for off-market real estate deals, offering investors ample opportunities in distressed and undervalued properties.
• Foreclosure Activity Signals Opportunity for Wholesalers: As of this month, Oklahoma currently has 1,608 properties in foreclosure, 185 bank-owned properties, and 398 headed for auction. For investors focused on wholesaling real estate in Oklahoma, this creates a growing pool of motivated sellers and distressed properties that could translate into strong off-market deal flow.

We’ll continue to track changes and trends to help you stay compliant and profitable while wholesaling real estate in Oklahoma.

Is Wholesaling Real Estate Legal In Oklahoma?

Yes, wholesaling real estate is legal in Oklahoma, but you must follow strict guidelines under the state’s updated laws. In 2023, Oklahoma passed the Predatory Real Estate Wholesaler Prohibition Act (SB 1075), which significantly reshaped how wholesaling is regulated.

SB 1075 redefines who qualifies as a wholesaler, mandates, and grants cancellation rights to the seller, giving them a limited period to back out of the deal. The law also prohibits public marketing of equitable interests unless the wholesaler is a licensed real estate agent or broker. That means you cannot advertise a wholesale deal on social media, the MLS, or public websites unless you hold a valid license.

To stay compliant, wholesalers must market their deals privately to buyers with whom they have a pre-existing relationship, such as through a vetted buyer’s list. Disclosures must clearly state the intent to assign the contract and specify any assignment fees.

Here are the three legal ways to wholesale real estate in Oklahoma:

• Assignment of Contract: You can assign your contractual interest to another buyer if disclosures are clear and marketing is private.
• Double Closing: Purchase the property yourself and immediately resell it to an end buyer—this removes the need for assignment disclosures.
• Buying & Selling (Wholetailing): Close on the property, make improvements if needed, and resell it legally and transparently.

Although it’s not required, obtaining your Oklahoma real estate license can give you more flexibility and allow you to publicly advertise deals without violating SB 1075.

In short, wholesaling is legal in Oklahoma, but SB 1075 enforces strict rules that wholesalers must follow. Stay informed, follow the law, and focus on transparent, ethical deal-making.

Read Also: How To Wholesale Real Estate In Oklahoma: Step-By-Step (2025)

What Are The Wholesaling Laws In Oklahoma?

Oklahoma currently does not have any laws specifically related to wholesaling, but that could change. That said, let's take a look at the current state of real estate laws.

Predatory Real Estate Wholesaler Prohibition Act

The Predatory Real Estate Wholesaler Prohibition Act (House Bill No. 3104) has recently changed how wholesaling is conducted in Oklahoma. In particular, Section 858-301 formalizes that “It shall be unlawful for any person to act as a real estate licensee, or to hold himself or herself out as such unless the person shall have been licensed to do so under the Oklahoma Real Estate License Code."

According to the OREC Code & Rules, however, "nothing in this section shall prevent any person, partnership, trust, association or corporation, or the partners, officers or employees of any partnership, trustees or beneficiaries of any trust, association or corporation, from acquiring real estate for its own use."

House Bill 3104 highlights a key difference between wholesaling real estate and acting as a broker. Wholesalers enter into purchase agreements to acquire real estate on their behalf, which remains unrestricted. Real estate brokers act on behalf of another party, which requires licensing.

In addition, House Bill 3104 also limits the ability to publicly market for sale and equitable interest in a real property between an owner and prospective purchaser.

However, as a wholesaler, you can still privately discuss the contract with investors on your pre-screened buyer's list with whom you already have a relationship; this is the critical provision of the new law.

Also, this law only potentially impacts wholesalers who want to use the assignment of contract method. You can still assign a contract, you just need to be more careful how you market your rights. Because double closing and wholetailing each involve two separate transactions, this law does not apply in those circumstances.

Just to be clear, the Predatory Real Estate Wholesaler Prohibition Act in Oklahoma aims to regulate the activities of real estate wholesalers to prevent predatory practices. While the Act imposes certain restrictions and requirements on wholesalers, it does not explicitly prohibit the assignment of contracts without a real estate license. However, wholesalers must ensure compliance with all provisions of the Act, including transparency in transactions and avoidance of deceptive practices. It's crucial for wholesalers to understand the legal implications of the Act and operate within its parameters to conduct assignments legally and ethically. While a real estate license may provide additional credibility and resources, wholesalers can still assign contracts in Oklahoma if they adhere to the requirements outlined in the Predatory Real Estate Wholesaler Prohibition Act.

You are encouraged to check out our video on Wholesale Real Estate Contracts!

Legal Definitions

In general, it’s also critical to understand the laws that regulate real estate professionals in Oklahoma. Defining the basics is a good place to start.

Real estate laws are covered extensively under Oklahoma Statutes, Title 59, regulating Professions and Occupations.

Under Title 59, §858-102, the term real estate is defined very specifically, including what a real estate broker and broker associate are.

Marketing & Advertising

The rules for advertising real estate for sale in Oklahoma are very clear and are found in Section 605:10-9-4 - Advertising.

Among other things, unless you have a real estate license, you can’t market and advertise any real estate for sale on behalf of a third-party owner. As a wholesaler, you can advertise the right for a potential end buyer to assume ownership of a contract you have in place with the owner under an Assignment of a Contract agreement.

Do not attempt to market a property you do not own if you don’t have a license. Understand the difference between advertising rights and advertising the actual property.

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Do You Need A License To Wholesale Real Estate In Oklahoma?

Do you need a license to wholesale real estate in Oklahoma? No, you do not need a real estate license to wholesale properties in Oklahoma, as long as you are assigning contracts privately and not publicly advertising deals. The key distinction under Oklahoma law is how you market your interest in a contract.

Under the Predatory Real Estate Wholesaler Prohibition Act (SB 1075), publicly marketing a wholesale deal—such as listing it online or advertising it on social media—is considered a licensed brokerage activity. This means that if you market your deal to the general public, you are required to hold an active real estate license.

To wholesale legally without a license in Oklahoma, you must privately assign your contractual interest to a buyer from your own pre-screened buyer’s list. SB 1075 also requires wholesalers to:

• Disclose in writing their intent to assign the contract
• Provide full transparency on any assignment fees
• Inform sellers of their right to seek legal advice
• Give sellers a two-business-day cancellation window

If these disclosures are not included, the assignment contract may be deemed invalid, and any earnest money must be returned to the seller.

Although a license is not strictly required, many wholesalers in Oklahoma choose to become licensed real estate agents. This provides greater flexibility in marketing, access to the MLS, the ability to legally collect commissions, and improved networking opportunities with other professionals in the industry.

In contrast, unlicensed wholesalers can only collect an assignment fee when they transfer their rights in a purchase contract. But with the right knowledge and legal structure, either path can work—just make sure you’re staying compliant with state laws.

Avoiding Unlicensed Real Estate Activity in Wholesaling

In Oklahoma, wholesalers must be cautious to ensure they are not engaging in activities that require a real estate license. The key distinction between a licensed real estate agent and a wholesaler is that agents earn commissions for brokering deals, while wholesalers profit from assignment fees by selling their contractual rights to an end buyer.

To legally wholesale in Oklahoma, follow these guidelines:

• Only market the assignable contract: You cannot publicly advertise the property itself unless you own it. Instead, market your equitable interest in the contract.
• Disclose your intent to assign: Clearly inform both the seller and the end buyer that you are assigning the contract rather than selling the property directly.
• Use an assignable contract: Ensure your purchase agreement explicitly allows for assignment to avoid legal issues.

If you negotiate deals on behalf of others, collect fees beyond an assignment, or facilitate transactions outside of contract assignments, you may need to obtain a real estate license to remain compliant.

Title 59 §858-302 outlines the license requirements: eligibility for a license as a real estate provisional sales associate, Qualifications, and Examination.

It’s also important to understand that Oklahoma does allow exceptions for licensing. Those exceptions include:

• If real estate is being acquired for personal use

This is an essential yet common exception to licensing, as it allows real estate investors and wholesalers to acquire property for personal use. Wholesalers who act as principal buyers and offer to acquire property for their own purposes are exempt from licensing requirements.

If you decide to become a licensed real estate professional, the Oklahoma Real Estate Commission will regulate you, and you can be fined when statutes are violated.

These fines could be in addition to any criminal penalties or civil actions as provided for by state and federal laws.

Read Also: Oklahoma Real Estate Courses Online: Wholesaling, Flipping & Licensing

Is Co-Wholesaling Real Estate Legal In Oklahoma?

Co-wholesaling is exactly what it sounds like. Under this arrangement, two or more wholesalers work together on one or more deals. A co-wholesaling venture can be an ongoing partnership, or the investor team may come together for a one-time deal.

Typically, the partners will bring individual skills or areas of expertise to the partnership. One could be an expert in financing real estate deals or have deep pockets to facilitate the money part of the deal, and the other partner may be the networking expert or the resource who actively seeks out deals and brings them to the team for consideration.

For a co-wholesaling partnership to work smoothly, it’s best to vet any partner thoroughly before deciding to do deals together. No matter what, you need to protect your interests. Another way to do this is to enter into a formal joint venture agreement.

Also, consider seeking legal advice from a seasoned contracts or real estate attorney who understands the nuances of partnerships and real estate law.

Above all else, remain ethical not only when complying with Oklahoma real estate laws but also when treating your co-wholesaling partner(s) with honesty and transparency.

Is Reverse Wholesaling Real Estate Legal In Oklahoma?

Reverse wholesaling is legal in Oklahoma. It simply involves reversing the order compared to how a typical wholesale deal is executed. In other words, reverse wholesalers find end buyers first and then work to find properties that fit the end buyer’s goals and objectives.

Many wholesalers prefer reverse wholesaling because it lets them build long-term relationships with cash buyers who are ready to move quickly on deals. These buyers can become private money lenders when the wholesaler cherry-picks the best deals to BRRRR or fix and flip themselves.

Over the long term, this streamlines the lending process and creates a more solid foundation for doing more deals as these relationships strengthen over time.

Oklahoma Real Estate Wholesale Contract

The Oklahoma Real Estate Commission has created a standardized purchase agreement for real estate transactions. The first page of the 7-page agreement looks like this:

Purchase contracts are legally enforceable documents, and wholesalers often work with real estate attorneys to ensure all language is correct, thus avoiding any issues as the deal progresses.

Unless a contract’s language specifically prohibits the assignment in the agreement, it’s assumed the contract is assignable; this does require a separate agreement, and it may also be advisable to work with an attorney to draft this document. A typical assignment contract looks like this:

Several disclaimers and disclosures are also required in an Oklahoma real estate transaction. The OREC has also created a standardized form to ensure that these disclosures have been discussed.

Specific properties may have additional disclosures, but the following will give you a good overview of what the most common disclosures are:

• Residential Property Condition Disclosure of Disclaimer Form
• Lead-Based Paint/Hazards Disclosures

Final Thoughts

Is wholesaling real estate legal in Oklahoma? Yes, wholesaling real estate is legal in Oklahoma despite the regulations imposed by the Predatory Real Estate Wholesaler Prohibition Act. While this Act may place limitations on certain marketing practices and transactions, it does not prohibit wholesaling altogether. Wholesalers can navigate the legal landscape ethically and responsibly by ensuring compliance with state laws and regulations. So, is wholesaling real estate legal in Oklahoma? Yes, it is, and with a solid understanding of the legal requirements and a commitment to transparency and fairness, wholesalers can continue to thrive in the Oklahoma real estate market while operating within the bounds of the law.

Ready to Take the Next Step in Real Estate Investing? Join our FREE live webinar and discover the proven strategies to build lasting wealth through real estate.

Whether you're just getting started or ready to scale, we'll show you how to take action today. Don't miss this opportunity to learn the insider tips and tools that have helped thousands of investors succeed! Seats are limited—Reserve Your Spot Now!

*Disclosure: Real Estate Skills is not a law firm, and the information contained here does not constitute legal advice. You should consult with an attorney before making any legal conclusions. The information presented here is educational in nature. All investments involve risks, and the past performance of an investment, industry, sector, and/or market does not guarantee future returns or results. Investors are responsible for any investment decision they make. Such decisions should be based on an evaluation of their financial situation, investment objectives, risk tolerance, and liquidity needs