Wyoming questions with correct answers

The purpose of Wyoming's license law is to: a. arbitrate disputes regarding commissions b. protect the public c. provide the recovery fund with a revenue stream d. standardize the rate of commission for residential real estate transactions CORRECT ANSWER b. protect the public Wyoming real estate license law was enacted for all the following purposes EXCEPT to: a. maintain minimum income levels for licensees b. maintain minimum education levels for licensees c. protect real estate consumes from dishonest individuals d. prescribe qualifications and standards for licensees CORRECT ANSWER a. maintain minimum income levels for licensees Denise is enrolled in a real estate course seeking a sales license and has agreed to work for broker Dan after passing her exam. She plans to sell a small investment property that she owns in order to fund the start-up of her new career. Denise a. may sell the property herself b. must list the property with the broker she is going to work for c. may sell the property herself if she discloses she is getting a real estate license d. must wait to sell the property until she is licensed CORRECT ANSWER a. may sell the property herself