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Practice Of Real EstateCommissionMEDIUM

Which Wyoming rule applies when the Commission acts on license issuance and discipline?

Correct Answer

C) The Commission may regulate license issuance, revoke or suspend licenses, censure licensees, and do what is necessary to carry out the act

W.S. 33-28-105 gives the Commission power over license issuance, revocation, suspension, censure, and implementation of the act. Source basis: Wyoming Real Estate Commission official Rules & Regulations page and Wyoming Legislature Title 33, Chapter 28: W.S. 33-28-105 creates the Commission, defines membership, powers, director duties, records, rulemaking, and quorum; W.S. 33-28-111 and 33-28-113 cover investigations, sanctions, hearings, and appeals; checked 2026-04-30.

Answer Options
A
The rule belongs only to the national portion and not to Wyoming state law.
B
A private office policy may waive the Commission requirement.
C
The Commission may regulate license issuance, revoke or suspend licenses, censure licensees, and do what is necessary to carry out the act
D
The responsible broker alone decides the sanction and no Commission action is involved.

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Related Topics & Key Terms

Related Topics:

wy.Icommission

Key Terms:

wyomingwy.Icommissioncommission-regulatory-powers

Related Concepts

Price fixing is an illegal antitrust practice in which competing real estate brokerages agree to charge the same commission rates, fees, or other pricing for their services. It is a per se violation of the Sherman Antitrust Act.

Florida brokers are required to maintain transaction records and escrow records for a minimum of five years.

A tie-in arrangement is an illegal antitrust practice in which a seller conditions the purchase of one product or service on the buyer's agreement to purchase a separate product or service.

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