Wyoming License Law
Under Wyoming license law, the term 'principal broker' refers to:
AThe most experienced agent in an office
BThe licensed broker who is ultimately responsible for the brokerage's compliance with license law✓ Correct
CAny broker who manages client funds
DA broker who only represents buyers
Explanation
The principal broker (also called the designated broker or broker-in-charge) is the licensed broker designated as responsible for the real estate brokerage's operations and compliance with Wyoming license law. Each brokerage must have a designated principal broker.
Related Wyoming Wyoming License Law Questions
- The Wyoming Real Estate Commission may take disciplinary action against a licensee for all of the following EXCEPT:
- The Wyoming Real Estate Commission's rules require a licensee to respond to a Commission inquiry within:
- The Wyoming Real Estate Commission's primary mission is to:
- A Wyoming real estate license that has expired may be reinstated within how many days without retaking the licensing exam?
- On the Wyoming Seller's Property Disclosure Form, a seller who answers 'Unknown' to a question about the roof condition:
- A Wyoming salesperson who wishes to transfer to a new employing broker must:
- What is the minimum age requirement to obtain a Wyoming real estate salesperson license?
- The Wyoming Real Estate Commission Education Trust Fund is used to:
Practice More Wyoming Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Wyoming Quiz →