Wyoming Real Estate Salesperson Exam — All Questions

Under Wyoming's brokerage-relationships law, until a written agency agreement is signed, a licensee working with a consumer is presumed to be:

• a.The consumer's fiduciary agent
• b.A dual agent for both parties
• c.An attorney-in-fact for the consumer
• d.Working with the consumer as a customer, not as the consumer's agent✓

Wyoming law presumes a licensee is working with a consumer as a customer, not as that consumer's agent, until a written agency agreement is signed. This distinctive rule is explained in the required written brokerage disclosure the licensee must give at the first reasonable opportunity.

In Wyoming, a licensee who assists both the buyer and the seller in a transaction without being the agent of either party is acting as:

• a.A dual agent
• b.An intermediary✓
• c.A designated agent
• d.A subagent

Wyoming recognizes the intermediary, who assists both parties in a transaction without being the agent of either. This differs from a dual agent, who represents both the buyer and the seller and may act only with the written consent of both parties, without disclosing one party's confidential information to the other.