OKLAHOMA RESIDENTIAL PURCHASE AND SALE AGREEMENT

This Oklahoma Residential Purchase and Sale Agreement (the "Agreement") is entered into as of [[Effective Date]], by and between:

Seller(s): [[Seller Full Legal Name(s)]]
Address for Notices: [[Seller Notice Mailing Address, City, Oklahoma, ZIP]]

Buyer(s): [[Buyer Full Legal Name(s)]]
Address for Notices: [[Buyer Notice Mailing Address, City, Oklahoma, ZIP]]

Seller agrees to sell and Buyer agrees to purchase the Property described herein upon the terms and conditions set forth below. This Agreement is the entire agreement between the parties and supersedes all prior negotiations, representations, and agreements. Oklahoma follows the standard form of the Oklahoma Real Estate Commission (OREC) and associated REALTORS® forms for residential transactions.

Oklahoma is a buyer-beware ("caveat emptor") state with important statutory seller disclosure obligations under Title 60 O.S. § 833. This Agreement incorporates required disclosures of known defects.

1. Property Description

The Property that is the subject of this Agreement is the improved residential real property located at:

[[Property Street Address]]
[[City]], Oklahoma [[ZIP Code]]
County of [[County Name]]

Legal Description:
[[Full Legal Description as shown on current deed or attached Exhibit A]]

Tax Parcel / Account Number: [[Tax Parcel ID or Assessor's Parcel Number]]

The Property includes the land, all buildings and improvements thereon, all fixtures and appurtenances, and all rights and privileges belonging or in any way appertaining thereto. The Property is sold subject to easements, restrictions, and encumbrances of record that do not materially impair its use as a single-family residence, current zoning ordinances, and applicable building codes.

2. Purchase Price and Earnest Money

The total Purchase Price is [[Purchase Price in Words]] Dollars ($[[Purchase Price Amount]]), to be paid as follows:

1. Earnest money deposit in the amount of $[[Earnest Money Amount]] to be deposited with the Title Company / Escrow Agent named below within three (3) business days after the Effective Date of this Agreement.

2. Additional down payment or deposit of $[[Additional Deposit Amount or N/A]] to be paid by [[Additional Deposit Date]].

3. The balance of the Purchase Price shall be paid at Closing by wire transfer of immediately available funds, cashier's check, or other form acceptable to the closing agent and Seller.

Earnest money shall be held by [[Title Company or Escrow Agent Name]] in a trust account (typically non-interest bearing unless otherwise agreed in writing). The Title Company shall be the escrow agent for the transaction.

If this Agreement is terminated pursuant to its terms, the earnest money shall be disbursed according to the terms of this Agreement or mutual written instruction of the parties.

3. Financing Contingency

This Agreement is contingent upon Buyer obtaining a commitment for a [[Loan Type e.g. Conventional / FHA / VA / Cash]] loan in the approximate amount of $[[Loan Amount]] on terms acceptable to Buyer within [[Financing Contingency Period e.g. thirty (30) days]] after the Effective Date.

Buyer shall make good faith efforts to obtain financing. If Buyer is unable to obtain financing after using reasonable efforts, Buyer may terminate this Agreement by written notice to Seller prior to the end of the financing period and receive full return of the earnest money deposit. Buyer shall provide Seller written evidence of financing denial upon request.

4. Appraisal Contingency

This Agreement is contingent upon the Property appraising for not less than the Purchase Price. The appraisal shall be completed within [[Appraisal Period e.g. twenty-five (25) days]] after the Effective Date.

If the appraised value is less than the Purchase Price, Buyer may:

1. Terminate this Agreement and receive return of earnest money.

2. Renegotiate the Purchase Price with Seller in writing.

3. Waive the appraisal contingency in writing and proceed to Closing.

5. Inspection and Due Diligence Period

Buyer shall have a period of ten (10) days (the "Inspection Period") after the Effective Date to conduct, at Buyer's sole expense, such inspections, tests, surveys, and due diligence as Buyer deems appropriate. This includes but is not limited to:

1. General home inspection by a licensed inspector.

2. Structural, foundation, roof, plumbing, electrical, HVAC, and appliance inspections.

3. Pest, termite, and wood-destroying insect inspection.

4. Environmental testing including radon, mold, asbestos, and lead-based paint (as applicable).

5. Review of HOA/condominium documents, if applicable.

6. Survey and flood zone determination.

Seller shall provide reasonable access to the Property during normal business hours for inspections upon reasonable notice. Buyer shall restore the Property to its prior condition after inspections.

If Buyer is not satisfied with the results of any inspection for any reason, Buyer may:

1. Terminate this Agreement by delivering written notice to Seller before expiration of the Inspection Period and receive full refund of earnest money.

2. Deliver a written request for repairs, price reduction, or other concessions.

3. Waive the contingency and proceed.

Seller represents that Seller has disclosed all known material defects as required by Oklahoma law.

6. Seller's Disclosure of Known Defects

Pursuant to the Oklahoma Residential Property Condition Disclosure Act (60 O.S. § 831 et seq., specifically § 833), Seller shall deliver to Buyer a completed written disclosure statement of all known material defects in the Property's condition that would reasonably affect the use or value of the Property.

1. The disclosure must be delivered before execution of this Agreement or as otherwise required.

2. Buyer shall have five (5) business days after receipt of the disclosure to rescind the contract if material defects are disclosed.

3. Even in "as-is" sales, known defects must be disclosed.

4. Seller's disclosure is based on Seller's actual knowledge and does not constitute a warranty.

Buyer acknowledges receipt of the Oklahoma Residential Property Condition Disclosure Statement.

7. Title and Marketable Title

Seller shall convey to Buyer good and marketable title to the Property by General Warranty Deed (or Special Warranty Deed if agreed), free and clear of all liens, encumbrances, and defects except:

• Current taxes not yet due and payable.

• Easements, restrictions, and covenants of record that do not materially impair residential use.

• Zoning and building ordinances.

• Other matters approved in writing by Buyer.

Seller shall furnish a commitment for an owner's title insurance policy in the amount of the Purchase Price from a title insurance company acceptable to Buyer within [[Title Commitment Deadline e.g. ten (10) days]] after Effective Date.

Buyer shall have [[Objection Period e.g. five (5) days]] after receipt of the commitment to object in writing to any title defects. Seller shall have a reasonable time to cure defects at Seller's expense. If Seller cannot or will not cure, Buyer may terminate and recover earnest money.

8. Closing and Possession

Closing shall take place on or before [[Closing Date]] at the offices of [[Title Company / Closing Agent Name and Address]], or at such other location as the parties agree.

At Closing, Seller shall deliver:

1. Duly executed and acknowledged General Warranty Deed.

2. Keys, garage door openers, access codes, and all other means of entry.

3. All manuals, warranties, and service records for systems and appliances.

4. Paid tax receipts or evidence that taxes are current.

5. Any affidavits or documents required by the title company.

6. The completed Property Condition Disclosure Statement (previously delivered).

Possession of the Property shall be delivered to Buyer at Closing unless otherwise agreed in a separate written possession agreement.

Prorations for taxes, assessments, rents, and other items shall be made as of the Closing Date on a 365-day basis unless otherwise required by local custom or agreement.

9. Default and Remedies

If Buyer defaults, Seller may retain the earnest money as liquidated damages (not a penalty) and may pursue any other remedies available at law or in equity.

If Seller defaults, Buyer may:

1. Terminate and receive return of earnest money plus reimbursement of reasonable out-of-pocket inspection and appraisal costs actually incurred.

2. Seek specific performance of this Agreement.

3. Pursue damages.

10. Condominium / Homeowners Association (if applicable)

If the Property is subject to a condominium declaration or homeowners association:

1. Seller shall deliver current copies of the declaration, bylaws, rules, current budget, and most recent financial statements within [[HOA Document Delivery Period e.g. five (5) days]] after Effective Date.

2. Buyer shall have [[HOA Review Period e.g. five (5) days]] after receipt to review and terminate if not satisfactory.

3. Buyer shall be responsible for any transfer fees or capital contributions required by the association.

11. Lead-Based Paint Disclosure (if applicable)

If the Property was built before 1978, Seller shall provide the required lead-based paint disclosure and pamphlet as mandated by federal law. Buyer shall have ten (10) days to conduct a risk assessment or inspection for lead-based paint hazards.

12. Other Contingencies and Addenda

[[List any additional contingencies such as sale of Buyer's current home, attorney review period, or other special conditions or enter "None": [[Additional Contingencies or "None"]]]]

The following addenda are attached and incorporated:

1. Oklahoma Residential Property Condition Disclosure

2. Lead-Based Paint Disclosure (if pre-1978)

3. [[Other Addenda, list or "None"]]

13. Notices

All notices required or permitted under this Agreement shall be in writing and shall be deemed delivered when personally delivered, sent by certified mail return receipt requested, overnight courier with tracking, or by email with read receipt to the addresses set forth above (or such other address as a party designates in writing).

14. Governing Law and Venue

This Agreement shall be governed by and construed in accordance with the laws of the State of Oklahoma. Any legal action arising out of this Agreement shall be brought in the District Court of [[County Name]], Oklahoma.

15. Entire Agreement; Amendments

This Agreement, including all exhibits and addenda attached hereto, constitutes the entire agreement between the parties. No modification of this Agreement shall be valid unless in writing and signed by both parties. This Agreement may be executed in counterparts and by electronic signature (including DocuSign or similar), each of which shall be deemed an original.

16. Severability

If any provision of this Agreement is held invalid or unenforceable, the remaining provisions shall remain in full force and effect.

17. Time of Essence

Time is of the essence with respect to all dates and time periods stated in this Agreement.

18. Assignment

Buyer may not assign this Agreement without the prior written consent of Seller.

19. Attorney Fees

In any action to enforce rights under this Agreement, the prevailing party shall be entitled to recover reasonable attorney fees and costs from the other party.

20. Exhibits and Attachments

The following are attached to and made a part of this Agreement:

1. Exhibit A, Legal Description (if separate from Section 1)

2. Oklahoma Residential Property Condition Disclosure Statement

3. Lead-Based Paint Disclosure and Pamphlet (if applicable)

4. [[Additional Exhibits or "None"]]

21. Signatures

SELLER

Signature: ___________________________________________ Date: [[Seller Signature Date]]

Printed Name: [[Seller Full Legal Name(s)]]

Signature (Co-Seller if applicable): _____________________ Date: [[Seller Signature Date]]

Printed Name: [[Co-Seller Full Legal Name]]

BUYER

Signature: ___________________________________________ Date: [[Buyer Signature Date]]

Printed Name: [[Buyer Full Legal Name(s)]]

Signature (Co-Buyer if applicable): _____________________ Date: [[Buyer Signature Date]]

Printed Name: [[Co-Buyer Full Legal Name]], -

*This is a sample template for an Oklahoma residential purchase and sale agreement. It is modeled on standard OREC and REALTORS® forms and incorporates requirements of Title 60 O.S. § 833 and the Oklahoma Residential Landlord and Tenant Act where relevant. This document is not legal advice. Parties should consult a licensed Oklahoma real estate attorney and verify all terms against current statutes, local custom, and the specific transaction. Complete all [[Token Name]] fields with accurate information before use. References current as of June 2026.*

Oklahoma statutory references (as of June 2026):

• 60 O.S. § 831 et seq., Oklahoma Residential Property Condition Disclosure Act (seller disclosure required)

• 60 O.S. § 833, Mandatory disclosure of known defects

• Oklahoma Real Estate Commission (OREC) standard purchase agreement forms and rules

• Title 41 O.S. provisions referenced for related tenancy matters

Key Legal Spec incorporated:

• Earnest money typically held in escrow by title company.

• Statutory disclosure of known defects mandatory.

• Default inspection period of 10 days.

• Delivery of marketable title at closing.

• Buyer-beware state with mandatory seller disclosure for residential property.

All user-fillable fields appear as [[Token Name]] placeholders. No invented values are hardcoded.