Wyoming License Law
The WREC may discipline a Wyoming licensee for 'acting for more than one party in a transaction without the knowledge of all parties.' This describes:
ADual agency with proper disclosure
BUndisclosed dual agency, which is prohibited✓ Correct
CDesignated agency
DTransaction brokerage
Explanation
Acting as an undisclosed dual agent—representing both buyer and seller without disclosing this dual representation to all parties—is prohibited under Wyoming license law. Dual agency is only permissible with the informed written consent of all parties.
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