License Law
This person must supervise all licensees in property management.
What is a broker?
Funds must be deposited within this time frame.
What is 1 business day?
The maximum time to return a security deposit after move-out.
What is 30 days?
A tenant calls about a broken heater in winter. What do you do?
What is respond immediately and document?
This is the foundation of ethical property management.
What is transparency?
A licensee must have this to practice legally in Wyoming.
What is a real estate license?
It is illegal to mix tenant money with personal funds. This is called ____.
What is commingling?
Tenants must be given this before the landlord enters the property.
What is notice?
The owner refuses to approve urgent repairs. What is your responsibility?
What is advocate for tenant rights and document everything?
Failing to document important tenant issues can lead to ____.
What is liability or legal risk?
This is a common violation involving unlicensed activity.
What is managing property without broker oversight?
This must be performed monthly to ensure financial accuracy.
What is account reconciliation?
This term describes safe, livable housing required by law.
What is habitability?
You realize you advertised a wrong rental rate. What should you do?
What is correct the listing and notify all applicants?
You see another agent violating Fair Housing law. What is the ethical response?
What is report or address the behavior?