We found no Oklahoma rule against a real-estate agent acting as the mortgage loan originator on the same purchase. The Real Estate Commission rules require written disclosure to both sides, and the mortgage licensing law contains no prohibition.
What Oklahoma requires
- Give the written both-sides disclosure OAC 605:10-15-1 requires.
- Never front a buyer’s down payment or earnest money. The real-estate license law bars it and disclosure does not cure it.
- Hold an active Oklahoma MLO license sponsored by a licensed mortgage company.
What the rule says
No licensee shall, without disclosing such fact in writing to all parties on both sides of the transaction, either: (1) Accept or receive any fee, commission, salary, rebate, kickback or other compensation or consideration allowed by law in connection with the recommendation, referral or procurement of any product or service, including financial services.
Offering, loaning, paying, or making to appear to have been paid, a down payment or earnest money deposit for a purchaser or seller in connection with a real estate transaction
What applies in every state
- Both licenses must be active. The mortgage side is an individual MLO license, sponsored by a licensed mortgage company, with the SAFE test, 20 hours of education and a background check behind it.
- Federal law sits above the state rule. RESPA Section 8 bars pay for a referral, and Regulation Z sets what a loan originator may be paid for. Compensation on the mortgage side is for origination work performed. The RESPA and referral-fee explainer walks through it.
- The lender on the loan has its own rule. FHA permits the dual role since 2022. Conventional lenders decide file by file in writing.
- The buyer keeps the right to choose any lender, and the disclosure says so.