Free Wyoming Real Estate Broker Licensing Examination — State Portion Practice Questions

Sample Practice Questions

Try these 10 sample questions from the Wyoming Real Estate Broker Licensing Examination — State Portion practice bank. Each includes the answer and explanation. Continue with the interactive practice above to review the full question set.

1. 1A sworn complaint alleges that a Wyoming licensee made material misrepresentations in advertising. What may the Commission do before deciding whether discipline is warranted?

   1. A. Investigate the licensee's actions
   2. B. Transfer the dispute directly to a county assessor
   3. C. Require the complainant to obtain a civil judgment first
   4. D. Limit its review to the licensee's renewal filing

   Answer: A

   Explanation: W.S. 33-28-111(a) says the Commission "shall upon a written sworn complaint or may upon its own motion investigate the actions of any licensee." The sworn complaint therefore authorizes an investigation without a prior civil judgment.

   Reference: Wy Statutes Title 33 — W.S. 33-28-111(a)

2. 2A candidate applies for a Wyoming responsible broker license. What minimum age standard does the statute impose?

   1. A. Twenty-one years
   2. B. Nineteen years
   3. C. The age of majority
   4. D. Twenty-five years

   Answer: C

   Explanation: W.S. 33-28-106(c)(i) requires each responsible-broker applicant to "Have reached the age of majority." The statute does not substitute one of the listed fixed ages.

   Reference: Wy Statutes Title 33 — W.S. 33-28-106(c)(i)

3. 3A licensee uses an individual name in a Wyoming advertisement. Which version of the name must be used?

   1. A. Any nickname commonly used in the community
   2. B. Only the surname and first initial
   3. C. The legal name in which the person is licensed, as registered and verified by the Commission
   4. D. The team name instead of the individual's licensed name

   Answer: C

   Explanation: Commission Rules Chapter 6, Section 4(b) says an individual advertiser "shall use the legal name in which he is licensed, as registered with and verified by the Commission."

   Reference: Wrec Rules All — Commission Rules, Chapter 6, Section 4(b)

4. 4A claimant has an unpaid final judgment against a licensee for fraud arising from licensed real estate activity. What is the maximum recovery-account payment stated for that claim?

   1. A. $10,000
   2. B. $20,000
   3. C. $50,000
   4. D. $100,000

   Answer: A

   Explanation: W.S. 33-28-202(a) permits actual damages included and unpaid in the judgment, "but for not more than ten thousand dollars ($10,000.00)."

   Reference: Wy Statutes Title 33 — W.S. 33-28-202(a)

5. 5A responsible broker's license is canceled while client deposits remain in the trust account. What must happen to the account?

   1. A. It must be transferred immediately to the broker's operating account
   2. B. It must be closed and checks returned uncashed
   3. C. It may be abandoned after notice to the Commission
   4. D. It must be maintained until all deposits are properly disbursed

   Answer: D

   Explanation: W.S. 33-28-122(a)(iv) requires the broker to "maintain the trust account until all deposits have been properly disbursed." Cancellation does not permit premature closure.

   Reference: Wy Statutes Title 33 — W.S. 33-28-122(a)(iv)

6. 6The Wyoming Commission assigns a contested broker-license case to an independent hearing officer. Which employment relationship is prohibited?

   1. A. Employment by another Wyoming licensing board
   2. B. Employment by the Attorney General's office
   3. C. Service as a private mediator
   4. D. Membership in a professional education faculty

   Answer: B

   Explanation: W.S. 33-28-113(a) provides that the hearing officer "shall not be an employee of the office of the attorney general, or an employee or member of the commission." Employment by the Attorney General's office is therefore disqualifying.

   Reference: Wy Statutes Title 33 — W.S. 33-28-113(a)

7. 7A Wyoming responsible broker applicant relies on prior service as a salesperson. What active-service period is required?

   1. A. One of the preceding two years
   2. B. Three consecutive preceding years
   3. C. Five of the preceding seven years
   4. D. Two of the four years immediately preceding application

   Answer: D

   Explanation: W.S. 33-28-106(c)(ii) requires active service "for two (2) of the four (4) years immediately preceding the application as a real estate salesperson or associate broker."

   Reference: Wy Statutes Title 33 — W.S. 33-28-106(c)(ii)

8. 8A Wyoming licensee advertises a listed property. Which business identity must appear in the promotion?

   1. A. The real estate company name under which the licensee is licensed
   2. B. Only the licensee's team nickname
   3. C. Only the property owner's name
   4. D. The county clerk's office name

   Answer: A

   Explanation: W.S. 33-28-119(a) requires a licensee advertising real estate activities to "use the real estate company name under which he is licensed by the commission."

   Reference: Wy Statutes Title 33 — W.S. 33-28-119(a)

9. 9Within what period after termination of all proceedings, including appeals, must a qualified claimant petition for payment from the recovery account?

   1. A. Six months
   2. B. One year
   3. C. Two years
   4. D. Three years

   Answer: B

   Explanation: W.S. 33-28-202(a) permits the petition "within one (1) year of termination of all proceedings, including appeals."

   Reference: Wy Statutes Title 33 — W.S. 33-28-202(a)

10. 10How many Wyoming real estate companies or sole proprietorships may one resident responsible broker lawfully establish under W.S. 33-28-109(a)?

    1. A. Exactly one
    2. B. At least one but no more than three
    3. C. At least two but no more than five
    4. D. Any number without limit

    Answer: B

    Explanation: W.S. 33-28-109(a) requires each resident responsible broker to establish "at least one (1) but no more than three (3) real estate companies or sole proprietorships."

    Reference: Wy Statutes Title 33 — W.S. 33-28-109(a)