Wyoming License Law
A Wyoming licensee who receives a gift from a party to a transaction other than their client must:
AReturn the gift immediately
BDisclose the gift to their client and possibly decline it if it creates a conflict of interest✓ Correct
CAccept any gift valued under $100 without disclosure
DReport all gifts received to the WREC within 30 days
Explanation
Accepting gifts from parties other than your own client can create conflicts of interest. Wyoming licensees should disclose such gifts to their clients and decline them if they would compromise the agent's fiduciary duties. Undisclosed gifts from adverse parties may constitute a breach of fiduciary duty.
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