Which of the following is a recognized exemption under Wyoming's seller disclosure law (WY Stat. § 33-28-303)?
Correct Answer
B) Court-ordered transfers, foreclosure sales, and estate/probate transfers
Under WY Stat. § 33-28-303, Wyoming's seller disclosure requirements include specific statutory exemptions. Recognized exempt transfers include those made by court order, foreclosure or deed in lieu of foreclosure, estate or probate transfers, transfers between co-owners, transfers to a spouse or lineal relative, and new construction sales by a builder. Court-ordered, foreclosure, and estate/probate transfers are among the most commonly tested exemption categories. Value thresholds and broker involvement do not determine exemption status.
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