Agency
A Wyoming seller's agent who receives two offers simultaneously must:
APresent only the highest offer to avoid confusing the seller
BPresent all offers to the seller and let the seller decide how to respond✓ Correct
CHold all offers until the listing expires
DPresent offers only through the multiple listing service
Explanation
A listing agent has a duty to present all offers to the seller, including multiple simultaneous offers. The seller makes the decision on how to respond—whether to accept one, counter one, counter all, or reject all.
People Also Study
Related Wyoming Questions
- A Wyoming seller who wants to counter multiple offers simultaneously should:Contracts
- A Wyoming seller receives two competing offers simultaneously. The seller should:Contracts
- A Wyoming seller tells their listing agent, 'I won't accept any offers from out-of-state buyers.' The agent should:Agency
- 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 agent's commission is 6% of the sale price. The agent represents the buyer. The sale price is $195,000. The commission is split 50/50 between the listing and selling brokerages. The selling agent receives 60% of the selling side commission from their broker. How much does the selling agent receive?Real Estate Math
- A Wyoming seller's agent must present all offers to the seller unless:Agency
- A Wyoming 'net listing' contract specifies that the seller will receive $350,000 and the broker will retain anything above that amount as commission. If the property sells for $410,000, the broker receives:Contracts
- A Wyoming listing agent who receives a lowball offer that is significantly below the listing price should:Agency
Key Terms to Know
Fiduciary Duty
The highest legal duty an agent owes to a principal — requiring the agent to act in the principal's best interest above all others.
AgencyA 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.
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 →