WY mineral and surface rights:
Correct Answer
B) Can be severed and sold separately
Wyoming has significant mineral wealth. Mineral rights can be severed from surface rights and must be verified in any transaction. An agent should advise buyers to check mineral rights status.
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Related Topics & Key Terms
Related Topics:
Key Terms:
Related Concepts
A situation where a single agent or brokerage represents both the buyer and the seller in the same real estate transaction.
An agency relationship created by a clear, explicit agreement between the principal and agent, either orally or in writing.
The highest legal obligation of trust and confidence owed by an agent to their principal, requiring the agent to act solely in the principal's best interest.
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