018-1 Wyo. Code R. § 1-6

Current through April 27, 2019

Section 1-6 - Real Estate Companies

(a) Real Estate Company Licenses will be issued to the Responsible Broker for a real estate company engaged in real estate activity upon verification by the Secretary of State of Wyoming that the real estate company is in good standing.

(b) The Responsible Broker shall be an officer, partner or manager, or hold an ownership interest in the real estate company.

(c) Submission of the following documents is necessary before issuing a Responsible Broker's License for a real estate company engaged in real estate activity. All items must be postmarked or time-stamped before any of the following items exceed expiration:

• (i) A properly executed application and fee;

• (ii) A copy of the documents establishing company organization;

• (iii) A copy of the bylaws of the corporation; or the operating agreement for the real estate company;

• (iv) A copy of the meeting minutes of the corporation; partnership, limited liability company, or other entity indicating the name of the Responsible Broker;

• (v) If establishing a home-based business, attest that establishment of the business is in accordance with county and/or city zoning and codes.

(d) Initial Real Estate Company Licenses will be issued for the balance of the year in which they are obtained. All initial Real Estate Company Licenses will expire on December 31 of the year in which issued. In order to maintain the License, the Real Estate Company License must be renewed on or before December 31. No prorating of license fees can be made by the Commission.

018-1 Wyo. Code R. § 1-6

Amended, Eff. 5/12/2015.

Amended, Eff. 4/16/2018.