Wyo. Code R. 018-0002-1
Effective Date: 11/18/2020 to Current
Rule Type: Current Rules & Regulations
Reference Number: 018.0002.1.11182020
(a) Pursuant to the authority vested in the Wyoming Real Estate Commission (Commission) by virtue of W.S. 33-28-101 through 33-28-401 the following rules and regulations are hereby promulgated. All Commission governing rules and regulations may be found and viewed on the Commission web site: https://sites.google.com/a/wyo.gov/rec/real-estate-professionals/rules-and-regulations.
(b) The Commission shall hold its annual meeting the third Tuesday of September at the Commission Office located at 2617 East Lincolnway, Suite H, Cheyenne, WY 82002, at 9:00 AM (MST). When possible, the annual meeting may be held in conjunction with the Wyoming REALTORS® annual conference in the Wyoming city wherein the conference is taking place.
The Commission shall use the guidelines in W.S. 33-1-116 through 117 in determining licensure of military service members and military spouses.
(a) Salesperson License applicants shall submit the following items to the Commission in one packet, excluding fingerprint cards, in advance of any expiration dates as issued. All items must be postmarked or time-stamped at the time of submission before any of the following items exceed expiration. A submission of all items by postmark or time-stamp constitutes a receipt of an application by the Commission:
(i) Completed application form with appropriate fees;
(ii) Fingerprint cards and payment for fingerprint processing as prescribed by the Wyoming Department of Criminal Investigation;
(iii) Recent snapshot or photograph;
(iv) Proof of legal presence and legal name in the United States;
(v) A copy of a valid Commission-recognized examination score report(s) per Section 4 of this Chapter;
(A) If not presently, actively holding a real estate license in another jurisdiction, copies of a passing score report(s) for the national and state real estate examinations.
(B) If presently, actively holding a real estate license in another jurisdiction, a copy of a passing score report for the state real estate examination.
(vi) If a non-resident, Service of Process forms provided by the Commission;
(vii) Evidence of completing, within one year prior to the date of application, all necessary coursework as approved by the Commission.
(A) An original applicant for a license, not holding an active real estate license in another jurisdiction, shall be required to show proof of completion of the pre-license Salesperson Course I (state and national portions) and Salesperson Course II before applying for a real estate license.
(B) An applicant for a license that presently holds an active real estate license in another jurisdiction shall be required to show proof of completion of the pre-license Salesperson Course I (state portion only) and Salesperson Course II before applying for a real estate license.
(C) In lieu of actual clock hours of education for Salesperson Course I (state and national portions), an applicant may challenge an approved course by satisfactorily passing the approved course examination and submitting a valid Course I certificate to the Commission with a completed application.
(viii) Proof of errors and omissions insurance as described in W.S. 33-28-401 and Chapter 7 of these Commission rules.
(b) Associate Broker applicants shall submit the following items to the Commission in one packet, excluding fingerprint cards, in advance of any expiration dates as issued. All items must be postmarked or time-stamped at the time of submission before any of the following items exceed expiration. A submission of all items by postmark or time-stamp constitutes a receipt of an application by the Commission:
(i) Evidence that they have been actively engaged in real estate activity as a licensee, or equivalent credential in other licensing jurisdiction, for two (2) of the four (4) years immediately preceding the application or proof that they have completed a degree in real estate as defined in W.S. 33-28-102(b)(xiv);
(ii) Completed application form with appropriate fees;
(iii) Fingerprint cards and payment for fingerprint processing as prescribed by the Wyoming Department of Criminal Investigation;
(iv) Recent snapshot or photograph;
(v) Proof of legal presence and legal name in the United States;
(vi) If a nonresident, signed Service of Process forms provided by the Commission;
(vii) Proof of errors and omissions insurance as described in W.S. 33-28-401 and Chapter 7 of the Commission rules;
(viii) Evidence of completing, within one year prior to the date of application, all necessary coursework as approved by the Commission.
(A) An original applicant for a license shall be required to show proof of completion of the pre-license Broker Course I (state and national portions), Broker Course II before applying for a real estate license.
(B) An applicant for a license with a degree in real estate shall be required to show proof of completion of the pre-license Broker Course I (state and national portions) and Broker Course II before applying for a real estate license.
(C) An applicant for a license that presently holds an active real estate license in another jurisdiction shall be required to show proof of completion of the pre-license Broker Course I (state portion only) and Broker Course II.
(D) In lieu of actual clock hours of education for Broker Course I (state and national portions), an applicant may challenge an approved course by satisfactorily passing the approved course examination portions and submitting a valid Course I certificate to the Commission with a completed application.
(ix) Valid Commission-recognized examination score report(s) per Section 4 of this Chapter;
(A) If not presently, actively holding a real estate license in another jurisdiction, copies of passing score reports for the national and state real estate broker examinations;
(B) If presently, actively holding a real estate license in another jurisdiction, a copy of a passing score report for the state real estate broker examination,
(x) Individuals with a bachelor’s degree in real estate applying for a license as an Associate Broker shall also submit, with a completed application, official college transcripts per W.S. 33-28-102(b)(xiv).
(c) Responsible Broker License applicants shall:
(i) Meet all requirements for an Associate Broker’s license;
(ii) Provide evidence they have been actively engaged in real estate activity as a Salesperson or Associate Broker, or equivalent credential in other licensing jurisdiction, for two (2) of the four (4) years immediately preceding the application;
(iii) Provide proof of Wyoming trust account(s) or funds holder agreement(s);
(iv) Submit proof of completion of a Commission approved broker management course taken no more than two (2) years prior to the application.
(d) An applicant who holds a prior felony conviction may be considered for certification twelve (12) months after all sentencing/parole/probation/requirements have been completed.
(a) Every person desiring to become licensed shall register for the appropriate examination on a form provided by the testing service.
(b) Registrants for an exam shall have reached the age of majority.
(c) Candidates for licensure must take a Commission approved examination and receive a passing score as determined by the Commission in partnership with its contracted testing service provider. The scoring method used shall be published by the examination provider prior to the administration of the examination.
(d) Any person who registers for the examination shall select a date for taking the examination. The selected date may be changed only by submitting another fee and registration or as allowed by the testing service.
(e) Failure to take the examination on the scheduled date will result in cancellation of the registration and no refund of the examination fee will be made.
(f) A notice to a registrant that he has received a passing score does not constitute a license to engage in real estate activity. Licenses are issued only pursuant to filing the appropriate application for a license, paying all required fees and Commission approval of such application.
(g) No application for a license will be accepted until the registrant has taken and passed all applicable portions of the examination.
(h) Any registrant who takes the examination and does not attain a passing score on any portion of the examination, shall reregister and pay the appropriate fee if they wish to retake the failed portion. Registrants are only required to retake the portion of the examination they failed; partial examinations shall be taken within six (6) months after registrant's last test failure date. Registrants required to take more than one portion of the examination who do not pass all portions of the examination within six (6) months shall retake the entire examination.
(j) After official notification in writing from the testing service to the registrant that he has successfully passed all the appropriate portions examination, the registrant shall within ninety (90) days of the most recent notice date, file the appropriate application for a license with all the required accompaniments. Failure to file an application for a license and proof of required education within the ninety (90) day period will cancel the application and all scores will be terminated.
(k) The Commission, upon proper certification, will accept the uniform portion of the examination as having been successfully passed by any person seeking a license in Wyoming who received a like-license in the applicant’s licensing jurisdiction, provided that such like-license is currently valid and in good standing.
(i) Certification shall state when the applicant received his initial license, the status of the license, and if there has been any disciplinary action taken against the licensee, and that the licensee has served actively for two (2) of the (4) years immediately preceding the application as a like-licensed real estate Salesperson or Associate Broker, and Responsible Broker.
(l) Initial licenses will be issued for the balance of the year in which they are obtained. All initial licenses will expire on December 31 of the year in which issued. In order to maintain the license, the license must be renewed on or before December 31, however, no continuing education hours are required for initial renewal. No prorating of license fees can be made by the Commission.
(a) Notice of transfer of license from the sponsorship of one Responsible-Broker to another shall be indicated on a transfer form provided by the Commission.
(b) When a real estate license has been returned to the Commission, the former licensee shall not perform any real estate activity.
(c) A licensee may request the Commission to hold his license for not more than thirty (30) days on a hold for transfer basis until proper request for reissue has been made, after which time the license will automatically become inactive. A licensee whose license is inactive or on hold for transfer shall not perform any real estate activity.
(d) A licensee whose license is held by the Commission on an inactive or hold for transfer basis during the renewal period shall apply for renewal of such inactive license and pay the regular fee.
(e) A licensee whose license is on inactive status may not engage in any real estate activity. A licensee may activate his license once all required and elective education is current
(a) Real Estate Company Licenses will be issued to the Responsible Broker for a real estate company engaged in real estate activity upon verification by the Secretary of State of Wyoming that the real estate company is in good standing.
(b) The Responsible Broker shall be an officer, partner or manager, or hold an ownership interest in the real estate company.
(c) Submission of the following documents is necessary before issuing a Responsible Broker's License for a real estate company engaged in real estate activity. All items must be postmarked or time-stamped before any of the following items exceed expiration:
(i) A properly executed application and fee;
(ii) A copy of the documents establishing company organization;
(iii) A copy of the bylaws of the corporation; or the operating agreement for the real estate company;
(iv) A copy of the meeting minutes of the corporation; partnership, limited liability company, or other entity indicating the name of the Responsible Broker;
(v) If establishing a home-based business, attest that establishment of the business is in accordance with county and/or city zoning and codes.
(d) Initial Real Estate Company Licenses will be issued for the balance of the year in which they are obtained. All initial Real Estate Company Licenses will expire on December 31 of the year in which issued. In order to maintain the License, the Real Estate Company License must be renewed on or before December 31. No prorating of license fees can be made by the Commission.
(a) Per the authority granted in W.S. 33-28-121, the Executive Director of the Commission shall authorize temporary licenses for no more than ninety (90) calendar days.