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Wyoming Real Estate Broker Licensing Examination — State Portion — Information & Free Practice

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Wyoming Real Estate Broker Licensing Examination — State Portion

Provider
Pearson VUE
Format
Computer-delivered written examination
Exam questions
50 scored items plus 5–10 unscored pretest items
Time limit
1.5 hours
Passing score
75 scaled score
Examination outline
  • I. The Real Estate Licensing Agency’s Powers (Broker 2–5 items)
    • A. Investigations, Hearings and Appeals
    • B. Sanctions — 1. Disciplinary Actions — Revocation, Suspension, etc.
    • B. Sanctions — 2. Penalties
    • C. Examination of Records
  • II. Licensing (Broker 4–6 items)
    • A. Requirements for Licensure
    • B. Activities Requiring a License
    • C. License Renewal
    • D. Continuing Education
    • E. Change in License — 1. Change in Information
    • E. Change in License — 2. Change in Status — a. Inactive vs Active
    • E. Change in License — 2. Change in Status — b. Cancellation
  • III. Requirements Governing the Activities of Licensees (Broker 14–16 items)
    • A. Advertising
    • B. Broker/Salesperson Relationship — 1. Changes in Broker Affiliation — a. Transfers
    • B. Broker/Salesperson Relationship — 1. Changes in Broker Affiliation — b. Terminations
    • B. Broker/Salesperson Relationship — 2. Designated licensees
    • C. Compensation
    • D. Disclosure — 1. Conflict of Interest
    • D. Disclosure — 2. Property Disclosure
    • D. Disclosure — 3. Agency Disclosure
    • E. Duties Owed by a Licensee — 1. Agent
    • E. Duties Owed by a Licensee — 2. Intermediary
    • E. Duties Owed by a Licensee — 3. Customer
    • F. Handling of Documents
    • G. Handling of Monies
    • H. Listings
    • I. Errors and Omission Insurance
    • J. Grounds for Disciplinary Action
  • IV. Additional Topics (Broker 11–13 items)
    • A. Real Estate Recovery and Education Fund
    • B. Land Description
    • C. Landlord/Tenant Relationship
    • D. Foreclosure and Redemption
    • E. Statute of Frauds
    • F. Broker’s Price Opinion (BPOs)
  • V. Broker Responsibility and Office Management (Broker Only, 14–16 items)
    • A. Real Estate Company Management
    • B. Trust Accounts
    • C. Funds Holder Agreements
    • D. Place of Business
    • E. Recordkeeping
    • F. Supervision — 1. Branch Offices
    • F. Supervision — 2. Multiple Companies
Examination sources