Wyoming License Law
A Wyoming real estate broker who holds funds for a client in a non-interest-bearing trust account:
AIs improperly managing client funds
BMay do so unless the client has specifically requested an interest-bearing account and interest is payable to the client✓ Correct
CMust obtain WREC approval for every non-interest-bearing trust account
DMust pay the client the market interest rate regardless of account type
Explanation
Wyoming brokers typically hold client funds in non-interest-bearing trust accounts. If interest is earned on client funds, it belongs to the client, not the broker. Brokers must follow applicable state rules regarding interest on trust accounts.
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