Wyoming License Law
Under Wyoming law, a licensee's fiduciary duty to their client begins:
AWhen the property is listed on the MLS
BUpon formation of the agency relationship (signing of listing or buyer agency agreement)✓ Correct
CUpon the signing of a purchase contract
DUpon receipt of the first commission check
Explanation
Fiduciary duties begin when the agency relationship is established—typically upon signing the listing agreement or buyer agency agreement. From that point forward, the agent owes the client loyalty, confidentiality, disclosure, obedience, reasonable care, and accounting.
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