Wyoming Real Estate Salesperson Exam — All Questions
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Real estate salespersons in Wyoming are licensed and regulated by:
- a.The Wyoming Association of Realtors
- b.The Wyoming Real Estate Commission✓
- c.The Wyoming Secretary of State
- d.The county clerk
The Wyoming Real Estate Commission licenses and disciplines brokers and salespersons under the Wyoming Real Estate License Act (W.S. Title 33, Chapter 28). A trade association is a private membership group and does not issue licenses.
In Wyoming, a licensed salesperson may conduct real estate brokerage:
- a.Independently after the license issues
- b.For any broker willing to share a fee
- c.Only while associated with and supervised by a responsible broker✓
- d.Only after also becoming a responsible broker
A Wyoming salesperson must be associated with and supervised by a responsible broker and may not operate independently. The responsible broker is accountable for the affiliated licensees and for the brokerage's trust accounts and records.
A Wyoming salesperson may lawfully be paid a commission by:
- a.The responsible broker with whom the license is associated✓
- b.The buyer directly at closing
- c.The seller directly upon listing
- d.Any cooperating broker in the transaction
A Wyoming salesperson is compensated only through the responsible broker with whom the license is associated, not directly by a buyer, seller, or another broker. The responsible broker supervises the salesperson and handles client funds.