Wyoming Real Estate License Requirements Guide: How to Get a Real Estate License in Wyoming

ZackUncategorized

Modern Wyoming Real Estate

Starting a Real Estate Career in Wyoming

Are you thinking about launching a real estate career in Wyoming? The real estate industry offers exciting opportunities for salespersons, but there are steps to follow before you can start selling properties. This guide will walk you through the process of becoming a licensed real estate agent in Wyoming, also known as the Cowboy State. To become a real estate professional, you'll need to meet certain education requirements, including taking real estate courses and passing the Wyoming real estate salesperson exam.

Understanding Wyoming Real Estate License Requirements

To begin your real estate journey in Wyoming, you need to fulfill these basic prerequisites:
- Must be 18 years or older to apply for the real estate salesperson license.
- Must be a U.S. citizen or a legally resident immigrant.
Once you meet these minimum requirements and pass the salesperson exam, you can start the licensing procedure.

Steps to Acquire a Real Estate License in Wyoming

Step 1: Fingerprinting and Background Verification for Real Estate Salesperson License Application

Before signing up for a pre-licensing course, you must get your fingerprints taken for background checks conducted by the FBI and the state DCI. This is part of the general requirements for real estate salespersons in Wyoming. You can get this done at a local law enforcement agency, but remember that the charges may differ based on the location.

Step 2: Finish Your Wyoming Real Estate Pre-Licensing Course

Having submitted your fingerprints, you can now sign up for the required 54 hours of Wyoming real estate pre-licensing education for prospective real estate salespersons. Specifically, you will need to complete and pass the Salesperson I course, the Salesperson II course, and the Wyoming Law courses. These courses, offered by institutions such as The CE Shop, covers subjects such as real estate practices, property valuation and appraisal, land description, contracts, agency, and Wyoming law, which is required knowledge for salespersons. Upon completion, you'll take a final exam, which you must score at least 75% to receive your completion certificate and proceed with the license exam and salesperson license application.

Step 3: Pass the Wyoming Real Estate Examination

The Wyoming real estate licensing exam is managed by the testing agency Pearson VUE. You can create an account on their website to book your test and review the candidate handbook and content outline to familiarize yourself with the exam structure. The exam costs $160 if taken at a PearsonVUE test center or $180 if taken online. This step is essential to get your Wyoming real estate salesperson license (you can't do it without it!). A smart move that many aspiring real estate agents do is to take a real estate license exam practice/prep course before attempting the actual exam. By doing this, you are boosting your chances of passing the exam on the first try (and not wasting lots of time and money by failing!).

Step 4: Partner With a Brokerage as a Real Estate Salesperson

As part of the licensing process, you need to associate with a sponsoring broker who will employ and mentor you during your initial years in the industry. Be sure to select a broker who aligns with your goals and bears a solid reputation, both locally and nationally. This is an important step after getting the Wyoming real estate salesperson license.

Step 5: Get Errors and Omissions Insurance

All Wyoming real estate licensees, including salespersons, are required to have errors and omissions insurance. You can apply for coverage through the state's official provider, Williams Underwriting Group, or choose another provider as long as their coverage meets Wyoming's standards.

Step 6: Apply for Your Wyoming Real Estate Salesperson License

After completing all the above steps, including the salesperson exam prep, you can apply for your real estate license within three months of passing the Wyoming real estate exam. Submit your completed application, accompanied by a $300 licensing fee, a recent photo, proof of insurance, your exam score report, and copies of your birth certificate, driver's license, or passport to the Wyoming Real Estate Commission.

Your license should be approved within ten days, after which it will be emailed to you.

The Cost and Duration for Acquiring a Wyoming Real Estate License

The total cost of getting a real estate license in Wyoming is typically around $1,080, which includes fees and pre-licensing education. The process usually takes about three months, provided you stay committed to your coursework, pass the exam, and timely submit all necessary documents.

The Income Potential for Wyoming Real Estate Agents

Real estate agents in Wyoming earn an average of $102,318 per year, although factors such as education, experience, and commission structure can affect your income potential widely. By investing in your career and understanding Wyoming law, you can maximize your earnings and explore new opportunities in Wyoming's real estate sector.

If you want to see some examples of questions that will be on the actual real estate exam, check out our free real estate practice exam. We have been named as the best real estate exam practice for 7 years in a row!

If you need to get your required educational hours done, check out our partners for online real estate education that can be done at your own pace from home or where ever you have internet access.

Share This Article