Wyoming Real Estate Exam Pack Tests 2023

Wyoming Real Estate Exam Pack Tests 1. the real estate license would be required by all of the following EXCEPT: a. a friend rents his neighbors house for a fee. b. an auctioneer holding a land sale in conjunction with a resident broker c. a guardian selling a minor's real property. d. a person unsuccessful in collecting rents.: c. a guardian selling a minor's real property. 2. When a responsible broker's license is revoked, the licensees under the broker: a. are cancelled and must be transferred to another broker to remain active. b. are suspended pending a hearing. c. are cancelled and the licensees treated as new applicants. d. are uncharged.: a. are cancelled and must be transferred to another broker to remain active. 3. Salesperson P is license under PDQ Realty and is showing a listing of re- sponsible Broker T. Broker T is offering a $1,500 bonus to any salesperson who arranges a sale of the listed property. Under what conditions can Salesperson P accept the bonus from Broker T? a. If written approval is obtained from the buyer. b. If written approval is obtained from the seller. c. If written approval is obtained from both the buyer and the seller. d. Under no conditions.: d. Under no conditions. 4. In which of the following cases would the state licensing agency have jurisdiction for disciplinary action? a. Use of the term "REALTOR" by a licensee when not authorized. b. Indication of membership in a multi-list organization by a licensee when not a member. c. Use of the "GRI" designation by a licensee who has not received the award. d. All the above.: d. All the above. 5. If Salesperson B has her license on inactive status, she may: a. have to take the real estate exam before renewing her license. b. be required to obtained annual continuing education credits in order to renew. c. activate her license without taking the license exam. d. operating in the real estate business provided she continues to renew her license.: c. activate her license without taking the license exam. 6. Salesperson J forgets to renew his license by the deadline and want to pay a late fee and renew by the end of February. In this situation: a. extra continuing education credits must be obtained before renewal. b. no late fee is required if he renews by the end of January. c. J may operate in real estate during January provided he renews and pays the late fee. d. J's license will be expired (he can not practice) until he renews.: d. J's license will be expired (he can not practice) until he renews. 7. When salesperson N's license is revoked after a hearing by the state licens- ing agency, N may: a. petition the commission for re-hearing. b. appeal to a court of competent jurisdiction. c. request a review of the matter by the state Attorney General. d. have his license reinstate upon completion for 30 hours of continuing education.: b. appeal to a court of competent jurisdiction. 8. A court action to collect a commission from a seller may be maintained by: a. an unlicensed person who found a buyer who was ready, willing and able to purchase the property on terms and conditions acceptable to the seller. c. a listing responsible broker who handled the closing of a sale made by a cooperating broker's salesperson. d. a cooperating responsible broker who handled the closing of a sale in the listing broker's absence.: c. a listing responsible broker who handled the closing of a sale made by a cooperating broker's salesperson. 9. Salesperson Bill Walston, who works for Orchard Company, in advertising one of the responsible brokers listing, could legally use which of the following for identification purposes in the ad? a. "Call Bill Walston, a professional in his field for over 18 years- 342-5600." b. Call Bill at Orchard Company- 342-5600- we have never let a customer down." c. "Call Orchard Company for professional realty services and ask for Bill". d. "Call Orchard Company - 342-5600- for the finest service in the area".: d. "Call Orchard Company - 342- 5600- for the finest service in the area". 10. When a responsible broker advertises real estate for sale (not owned by him), the ad must include: a. the property address. b. the company name.