Oklahomey
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Listing Documents & Agreements

Understanding the required documents for your Oklahomey listing

Required Documents Overview

When you list your property with Oklahomey, you'll need to sign several documents that establish our relationship, protect both parties, and comply with Oklahoma real estate law. All documents are provided electronically via DocuSeal for your convenience.

Electronic Signatures

All documents are legally binding when signed electronically. You'll receive email notifications with links to review and sign each document. Take your time to read each document carefully before signing.

Limited Service Agreement (Listing Agreement)

This is the primary contract between you and Oklahomey establishing our relationship as your listing broker.

What It Is

The Limited Service Agreement authorizes Oklahomey to list your property on the MLS for a flat fee. It defines the scope of our services, your responsibilities, and the terms of the listing.

Key Terms Included

  • Listing price: The asking price for your property
  • Listing period: Start and end dates of the listing agreement (6 or 12 months depending on your package)
  • MLS listing: Authorization to list your property on the Oklahoma MLS
  • Compensation: Our flat fee and any buyer's agent commission you're offering
  • Limited services: Clear description of what services Oklahomey provides vs. what you handle yourself
  • Your responsibilities: Showing the property, negotiating offers, etc.

Understanding Our A La Carte Model

Oklahomey operates on an a la carte service model. Unlike traditional full-service brokerages that bundle everything at high commission rates, we let you choose and pay only for the services you need:

Core Services Included:

  • MLS listing creation and management
  • Syndication to Zillow, Realtor.com, and other major sites
  • Document preparation and guidance
  • Regulatory compliance assistance

Optional Add-On Services:

  • Professional photography (package or add-on)
  • Yard sign rental/purchase
  • Lockbox purchase
  • Additional listing duration
  • Enhanced support packages

You Handle (Unless You Purchase Additional Services):

  • Property showings (or hire a showing service)
  • Buyer inquiries and communication
  • Offer review and negotiations
  • Photography (if not purchased)
  • Open houses (if you choose to hold them)

This flexible approach lets you save thousands in commission while maintaining control over your sale. Choose the level of service that fits your budget and comfort level.

Exclusive Agreement

This is an exclusive agreement - you cannot list with another broker during the listing period. However, you can cancel at any time without penalty (though no refund after MLS submission).

Cooperative Compensation Supplement

This document specifies the compensation you're offering to cooperating brokers (buyer's agents) who bring you a buyer.

What It Is

Recent changes in real estate law require that buyer's agent compensation be clearly documented in a separate form rather than just listed in the MLS. This supplement formalizes the commission or fee you're offering to buyer's agents.

Key Information

  • Compensation amount: The percentage (e.g., 2.5% or 3%) or flat fee you're offering
  • Compensation type: Percentage of sale price vs. flat dollar amount
  • Terms: When and how the compensation is paid (typically at closing from sale proceeds)
  • Broker cooperation: Confirmation that you'll cooperate with brokers representing buyers

Competitive Compensation Matters

Over 85% of buyers work with agents. Offering competitive compensation (typically 2.5-3%) helps ensure buyer's agents show your property to their clients. Lower or zero compensation may significantly reduce showings.

Yard Sign Addendum

If you've purchased a yard sign as part of your package or as an add-on, this addendum covers the terms of the sign rental or purchase.

What It Covers

  • Sign delivery: How and when your sign will be delivered or shipped
  • Installation: Confirmation that you'll install the sign on your property
  • Return or keep: Whether the sign is yours to keep or must be returned
  • Damage liability: Your responsibility to maintain the sign while it's in use
  • HOA compliance: Your responsibility to ensure compliance with HOA sign rules

Important Notes

Check HOA Rules: Before installing, verify your HOA allows for-sale signs and note any size or placement restrictions.

Placement: Place sign in a visible location from the street while staying within property boundaries and respecting utility easements.

Maintenance: Keep the sign upright and clean throughout the listing period.

Photography Release Form

This form grants permission for your property photos to be used on the MLS and other marketing platforms.

What It Covers

When you upload photos or have professional photos taken, this release allows Oklahomey and the MLS to use those images for marketing your property. It also clarifies ownership and usage rights.

  • MLS usage: Photos will appear on MLS and syndicate to Zillow, Realtor.com, etc.
  • Marketing usage: Oklahomey may use photos on our website and promotional materials
  • Copyright: You retain ownership of your photos, but grant usage rights for marketing
  • Privacy: You confirm photos don't violate anyone's privacy rights

Photo Best Practices: Remove personal items, family photos, and sensitive documents from view before photographing. Once on the MLS, photos are public and viewable by thousands of potential buyers.

Square Footage Acknowledgement

This document confirms the source of your property's square footage information and your understanding of its accuracy.

Why This Matters

Square footage can vary significantly depending on the source (county assessor, appraiser, builder plans, measurements). Inaccurate square footage claims can lead to legal disputes and transaction failures.

What You're Acknowledging

  • Source of square footage: Where you obtained the number (tax records, appraisal, builder, measurement)
  • Accuracy disclaimer: You understand square footage may vary depending on measurement method
  • Verification responsibility: Buyers are encouraged to verify square footage independently
  • What's included: Clarification of whether garage, basement, attic, etc. are included in the total
  • No guarantee: Oklahomey doesn't verify square footage and relies on your information

Be Conservative

When in doubt, use the most conservative (lowest) square footage figure from reliable sources. Overstating square footage can result in legal liability, while understating it simply means buyers get a pleasant surprise.

Oklahomey Seller Disclosure

This brief disclosure clarifies Oklahomey's role and your responsibilities when using our platform to list your property.

What It Covers

  • Broker relationship: Confirmation that Oklahomey is acting as your listing broker
  • Service limitations: Acknowledgement that we provide MLS listing services but don't handle showings or negotiations
  • Your responsibilities: You're responsible for accuracy of information provided and handling buyer interactions
  • No guarantee: Understanding that listing on the MLS doesn't guarantee a sale

Wire Fraud Advisory

This critical document educates you about wire fraud risks in real estate transactions and how to protect yourself.

Wire Fraud is a Serious Threat

Real estate wire fraud has cost victims hundreds of millions of dollars. Criminals hack email accounts and impersonate title companies, lenders, or real estate professionals to steal wire transfer funds.

Once money is wired to fraudulent accounts, it is nearly impossible to recover.

How Wire Fraud Works

1.Email Hacking: Criminals compromise email accounts of parties involved in the transaction (title company, realtor, lender, buyer, seller)
2.Impersonation: They send fraudulent emails with fake wiring instructions that look legitimate
3.Pressure Tactics: They create urgency ("Wire funds today or closing will be delayed!")
4.Theft: Victims wire large sums to fraudulent accounts, money disappears immediately

How to Protect Yourself

✓ DO:

  • Verify by phone: Always call the title company using a known phone number (not from the email) to confirm wiring instructions
  • Confirm in person: Pick up wiring instructions in person if possible
  • Check for changes: Be extremely suspicious of any last-minute changes to wiring instructions
  • Use secure methods: Request wiring instructions through a secure portal, not email
  • Double-check details: Verify account numbers, bank names, and routing numbers carefully

✗ DON'T:

  • Trust email alone: Never wire funds based solely on emailed instructions
  • Ignore red flags: Spelling errors, generic greetings, urgent language are warning signs
  • Use phone numbers from emails: Criminals include fake phone numbers in fraudulent emails
  • Reply to suspicious emails: Replying keeps you engaged with the criminal
  • Wire without verification: Always, always verify through an independent method

The One Rule to Remember

ALWAYS VERIFY WIRING INSTRUCTIONS BY PHONE using a phone number you independently looked up - not one provided in an email. This one step prevents almost all wire fraud.

What the Advisory Confirms

  • You understand the risk of wire fraud in real estate transactions
  • You will verify all wiring instructions by phone before sending money
  • You understand that once funds are wired, they likely cannot be recovered
  • Oklahomey is not responsible for losses due to wire fraud
  • You've been educated about protective measures

When You'll Sign These Documents

Most documents are presented together when you're ready to submit your listing for review. Here's the typical signing sequence:

Initial Document Package (At Listing Submission)

  • Limited Service Agreement (Listing Agreement)
  • Cooperative Compensation Supplement
  • Photography Release Form
  • Square Footage Acknowledgement
  • Oklahomey Seller Disclosure
  • Wire Fraud Advisory

Additional Documents (If Applicable)

  • Yard Sign Addendum (if you ordered a sign)
  • Property Disclosure (Appendix A or B) - signed separately during disclosure step
  • Lead-Based Paint Disclosure (pre-1978 homes only) - signed when offers come in

Best Practices for Signing Documents

  • •Read everything: Don't skip reading documents just because they're long - these are legally binding contracts
  • •Ask questions: If anything is unclear, contact our support team before signing
  • •Keep copies: DocuSeal emails you copies of all signed documents - save these for your records
  • •Verify information: Double-check that your property address, listing price, and other key details are correct
  • •All owners must sign: If you have co-owners, everyone on the title must sign listing documents
  • •Consult an attorney: When in doubt about legal implications, consult a real estate attorney

Questions About Listing Documents?

If you have questions about any of the documents you're asked to sign, our team is here to help clarify.

Contact Support