SECTION 385:25-1-44. Real Estate Broker Commissions

Latest version.

(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.

[Source: Added at 22 Ok Reg 2094, eff 6-25-05]

                    
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