1.) Brokerage Duties Disclosure: Real estate brokers must provide a written notice clarifying which party (the buyer, seller, or both) they represent in the transaction (§ 858-355.1). This disclosure is included in the standard Oklahoma Real Estate Commission (OREC) Contract of Sale.

2.) Financing Supplements: These contract attachments are mandatory for all non-cash transactions to establish the buyer’s financing terms and deadlines for loan approval (§15-136). OREC provides a form specific to each type of loan:

• Conventional Loan Supplement: This form makes the purchase contract contingent on the buyer qualifying for a private mortgage and includes a provision allowing the buyer to cancel and recover their earnest money if the property appraises for less than the purchase price.
• FHA-Insured Loan Supplement: Required for FHA-insured loans, this form features the federal “Amendatory Clause,” which guarantees the buyer can walk away without penalty if the official appraisal is lower than the contract price.
• Land Financing Supplement: Used when the seller acts as the lender for vacant land or acreage, this supplement outlines the interest rates and payment schedule, with no automatic appraisal contingency.
• VA-Guaranteed Loan Supplement: Mandatory for VA-guaranteed loans, this document includes the federal “Escape Clause,” which allows veteran buyers to terminate the transaction without financial penalty if the property’s valuation falls below the agreed-upon price.

3.) Lead-Based Paint Disclosure: Sellers of residential properties constructed before 1978 must disclose any known lead-based paint hazards and provide the buyer with a federally approved lead safety pamphlet (42 U.S. Code § 4852d). In addition to the federal disclosure linked in the title, sellers must complete OREC’s Standard Lead-Based Paint Disclosure.

4.) Residential Property Condition Disclosure Statement: Sellers who have occupied the property must complete this form disclosing all material defects within the home’s structural, mechanical, and environmental systems (60 O.S. § 833(B)). Exceptions: 

• Property Condition Disclaimer: Sellers who have never occupied the property and have no actual knowledge of defects may use this form to state that they make no representations about the property’s condition (60 O.S. § 833(A)).
• Property Condition Exemption: This form applies to property transfers that are legally excluded from Oklahoma’s Property Condition Disclosure Act, such as those involving court-ordered sales or new construction (60 O.S. § 838).

5.) Square Footage Disclosure: If a real estate licensee provides property size measurements, they must formally disclose the source of that data and advise the buyer of their right to independently measure the property (§ § 858-515.1)