Wyoming License Law
A Wyoming broker who wants to sell their brokerage to another broker must ensure that:
AAll open listings automatically transfer to the new owner
BThe WREC is notified of the change of ownership and all licensing requirements for the new owner are met✓ Correct
CAll pending transactions are cancelled and restarted
DAll clients are notified and must re-sign all agreements
Explanation
When a Wyoming brokerage changes ownership, the WREC must be notified. The new owner must hold a valid broker's license and meet all requirements to operate the brokerage. The transition must be handled to protect clients and ensure continuity of licensed activities.
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