Wyoming Administrative Code Agency 018 - Real Estate Commission

The Wyoming Administrative Code, Agency 018 – Real Estate Commission, governs the licensing, regulation, and professional conduct of real estate brokers, salespersons, and appraisers in Wyoming. The Commission operates under statutory authority granted in W.S. 33-28-101 through W.S. 33-28-401.(wyoleg.gov)

πŸ› Agency Overview

Agency 018 is structured into two subagencies:

Subagency 0001 – Real Estate Commission: Focuses on licensing, professional standards, and enforcement.

Subagency 0002 – Real Estate Commission: Addresses administrative rules, fees, forms, renewals, and education.(realestate.wyo.gov)

Each subagency has its own set of chapters detailing specific regulations and procedures.

πŸ“˜ Key Chapters in Subagency 0002

Chapter 1 – General Provisions and Licensing

Authority and Meetings: Establishes the Commission's authority and outlines meeting protocols.

Qualification for a License: Details the requirements for obtaining a real estate license.

Examination Requirements: Specifies the necessary examinations for licensure.

Real Estate Companies: Outlines the process for licensing real estate companies and the responsibilities of responsible brokers.(cms9files1.revize.com, steadily.com, law.cornell.edu)

Chapter 2 – Fees

Lists the fees associated with various services and applications.

Chapter 3 – Forms

Provides standardized forms required for applications, renewals, and other processes.(wyoleg.gov)

Chapter 4 – Renewals and Education

Renewal Procedures: Describes the process for renewing licenses.

Continuing Education: Outlines the educational requirements for license renewal.

Chapter 5 – Brokers' Trust or Escrow Accounts

Regulates the management and handling of client funds by brokers.

Chapter 6 – Regulatory Enforcement Grounds

Specifies the grounds for disciplinary actions against licensees.

Chapter 7 – Errors and Omissions Insurance

Mandates insurance coverage for licensees to protect against potential claims.

Chapter 8 – Application Review, Complaints, and Hearing Procedures

Details the procedures for reviewing applications, handling complaints, and conducting hearings.(realestate.wyo.gov)

πŸ“ Accessing the Full Text

For comprehensive details, you can access the full text of the Wyoming Administrative Code, Agency 018, through the following resources:

Justia: Provides the full text of the regulations. (regulations.justia.com)

Cornell LII: Offers a searchable version of the regulations. (law.cornell.edu)

Wyoming Rules Portal: Allows for rule searches and provides official updates. (rules.wyo.gov)

 

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