Wyoming Agency
Practice Questions & Answers (2026)
Agency law is one of the most tested subjects on the Wyoming real estate exam, and it's also one of the most misunderstood. The Wyoming Real Estate Commission expects licensees to understand the legal duties owed to clients vs. customers, and the specific timing of required disclosures under Wyoming law. Study these questions carefully — candidates who rely on national agency frameworks and don't account for WY-specific rules are among the most common failures on the state portion.
Wyoming Exam Study Resources
Everything you need to pass — in one place.
Wyoming Agency — Practice Questions & Answers
110 questions on Agency from the Wyoming real estate question bank. First 10 are free — sign up to unlock all 110.
Q1. In Wyoming, a real estate licensee's agency duties include all of the following EXCEPT:
Explanation
Agency duties include loyalty, confidentiality, disclosure, obedience, reasonable care, and accounting. A licensee does not guarantee the sale of a property — that is beyond the scope of agency duties.
Q2. Under Wyoming law, a real estate licensee must disclose their agency status to all parties:
Explanation
Wyoming requires licensees to disclose their agency status and the nature of the agency relationship before or at the first substantive contact with a buyer or seller.
Q3. A Wyoming buyer's agent learns the buyer's maximum budget is $500,000 though they are offering $440,000. This information is:
Explanation
The buyer's maximum willingness to pay is confidential client information. A buyer's agent must keep this information confidential and may not disclose it to the seller or seller's agent without the buyer's permission.
Q4. In Wyoming, an in-house sale occurs when the listing broker also represents the buyer. The broker may act as:
Explanation
When the same brokerage represents both buyer and seller in the same transaction, dual agency is created. Wyoming permits dual agency with written informed consent from all parties.
Q5. A Wyoming listing agent owes which of the following duties to an unrepresented buyer?
Explanation
While a listing agent's fiduciary duties run to the seller, the agent owes all parties (including unrepresented buyers) honesty and fair dealing, including disclosure of known material defects.
Q6. When a Wyoming listing agent represents the seller and facilitates the buyer without representation, the licensee acts as a:
Explanation
A licensee may represent only the seller while facilitating the transaction for an unrepresented buyer, acting as a seller's agent and transaction facilitator without creating an agency relationship with the buyer.
Q7. A Wyoming listing broker whose salesperson represents the buyer in the same transaction must:
Explanation
When one salesperson in a brokerage represents the seller and another represents the buyer, the brokerage becomes a dual agent. Wyoming requires written informed consent from both parties before proceeding.
Q8. In Wyoming, the duty of 'obedience' in an agency relationship means the agent must:
Explanation
The duty of obedience requires an agent to follow the client's lawful instructions. The agent is not required to follow unlawful instructions and may not do so.
Q9. A Wyoming seller's agent discovers the roof has a known leak the seller did not disclose. The agent must:
Explanation
Agents have a duty to disclose known material defects affecting the property's value or desirability, even when representing the seller. Concealing a known defect is a violation of license law and agency duties.
Q10. A buyer's agent in Wyoming owes the duty of 'accounting' to their client. This means the agent must:
Explanation
The duty of accounting requires an agent to account for all money, documents, and property received in the course of the agency relationship, and to promptly deliver them to the appropriate parties.
Q11. Under Wyoming law, a designated agency arrangement means:
100 more Agency questions
Create a free account to unlock all 110 Wyoming Agency questions with full explanations.
Free account · No credit card · Instant access to 25 questions
Ready to take the full exam? Start free.
25 free questions · No signup · Instant access to all Wyoming topics