§ 776.Sheriff Sale - Online Auction

Section 776, added in 2025, spells out how Oklahoma sheriffs run execution sales through an online auction marketplace under Sections 751 and following. It carries forward the same anti-self-dealing rule that governs in-person sales: no sheriff, other selling officer, appraiser, or the online marketplace itself can buy the property directly or indirectly, and any such purchase is fraudulent and void. That prohibition reaches further here than in Section 769, covering anyone related to a prohibited buyer by affinity or consanguinity within the third degree, and, if the marketplace is a corporation, LLC, LLP, partnership, or other business entity, its directors, officers, employees, managing members, and partners.

The marketplace itself has to offer a nonelectronic way to bid, and can set reasonable terms of service, so long as those terms stay subject to Oklahoma law and jurisdiction. It can collect deposits and payments from registered bidders by wire transfer, electronic funds transfer, or cashier's check, and must remit the purchase price to the court clerk, as the sheriff directs, within five business days after the sale is complete.

As with in-person sales under Section 765, no buyer's premium can be charged. Instead, the marketplace's fee and costs get assessed as costs of the sale, capped at four hundred twenty-five dollars per confirmed sale.