Agency
A Wyoming agent who discovers during a listing appointment that the seller has performed unpermitted room additions must:
AList the property without mentioning the unpermitted work
BDisclose the unpermitted work as a material fact to potential buyers✓ Correct
CAdvise the seller to keep it confidential until after closing
DContact the city building department to obtain after-the-fact permits before listing
Explanation
Unpermitted work is a material fact that must be disclosed to potential buyers in Wyoming. Unpermitted additions may not comply with building codes, may affect insurance, and may need to be permitted or removed.
People Also Study
Related Wyoming Questions
- The Wyoming Real Estate License Act defines 'material fact' as information that:Agency
- A Wyoming property manager preparing a rental listing must comply with fair housing laws by:Property Management
- A Wyoming listing agent discovers that the seller's property has an undisclosed foundation crack. The agent's duty requires them to:Agency
- A Wyoming home inspector who discovers potential asbestos-containing materials should:Environmental
- A Wyoming seller tells their listing agent, 'I won't accept any offers from out-of-state buyers.' The agent should:Agency
- A Wyoming buyer who discovers a title defect after closing may be able to recover under their title insurance policy if the defect:Escrow & Title
- A Wyoming buyer's agent discovers that the seller has not disclosed a known roof leak. The buyer's agent should:Agency
- A Wyoming buyer discovers after closing that there is an undisclosed easement across the back of the property used by a neighbor. The buyer's title insurance may cover this if:Escrow & Title
Key Terms to Know
Agency
A legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
Dual AgencyA situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
Fiduciary DutyThe highest legal duty an agent owes to a principal — requiring the agent to act in the principal's best interest above all others.
Listing AgreementA contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
Study This Topic
Practice More Wyoming Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Wyoming Quiz →