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Real Estate Salesperson Exam — National Portion

Agency (WY): practice questions

Our Real Estate (National) bank has 7 questions on this topic. Here are 4 of them with answers; the full mock exam draws from every topic, like the real one.

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Question 1 · Wyoming

A responsible broker represents a buyer in an in-house Wyoming transaction where the seller's licensee is a salesperson. What must the broker do?

  1. Become a dual agent once both parties consent in writing
  2. Appoint a transaction manager immediately
  3. Withdraw from representing the buyer
  4. Refer the seller to another company
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B. Appoint a transaction manager immediately — Wyo. Stat. 33-28-302(j).

Question 2 · Wyoming

Without the seller's informed consent, which fact may a Wyoming seller's agent NOT disclose?

  1. That the seller will accept less than the asking price
  2. That the seller's title has a recorded lien
  3. An environmental hazard that the law requires to be disclosed
  4. A known defect in the property's foundation
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A. That the seller will accept less than the asking price — Wyo. Stat. 33-28-303(b)(i), (c).

Question 3 · Wyoming

Under Wyoming law, may a licensee act as agent for both the seller and the buyer in the same transaction?

  1. No; dual agency is barred, but an intermediary role is allowed
  2. Yes, but only in transactions handled within one company
  3. Yes, with the informed written consent of both the buyer and the seller
  4. No; the licensee must withdraw from the transaction
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A. No; dual agency is barred, but an intermediary role is allowed — Wyo. Stat. 33-28-302(k), (o).

Question 4 · Wyoming

While a Wyoming listing is under contract, what must the seller's agent still do?

  1. Return the listing agreement to the seller
  2. Present all offers to and from the seller in a timely manner
  3. Stop showing the property and refuse to present any later offers to the seller
  4. Keep seeking new buyers for backup offers
Show the answer

B. Present all offers to and from the seller in a timely manner — Wyo. Stat. 33-28-303(a)(iii)(A), (B).

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