Wyoming License Law
The Wyoming Real Estate Commission has the authority to:
ASet mortgage interest rates in Wyoming
BSuspend or revoke real estate licenses for violations✓ Correct
CIssue building permits for new construction
DDetermine property tax assessments
Explanation
The WREC has the authority to investigate complaints, hold hearings, and suspend or revoke real estate licenses when licensees violate Wyoming real estate law or Commission rules.
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Key Terms to Know
Adjustable-Rate Mortgage (ARM)
A mortgage with an interest rate that changes periodically based on a financial index, usually after an initial fixed-rate period.
Discount PointsPrepaid interest paid to a lender at closing to reduce the mortgage interest rate, with each point equal to 1% of the loan amount.
Math Concepts
State-Specific Concepts
License Law
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