018-1 Wyo. Code R. § 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.
Notes
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