Wyoming License Law
A Wyoming broker operating a property management division of their real estate company must ensure property management fees are:
AEqual to real estate commission rates
BDisclosed in the property management agreement and credited to the appropriate client ledger✓ Correct
CAt least 10% of monthly rents by WREC rule
DPaid annually rather than monthly
Explanation
Property management fees and all compensation arrangements must be clearly disclosed in the property management agreement. All fees collected must be properly recorded in trust account ledgers, allocated to the correct client's account, and accounted for in periodic statements to the owner.
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