How to Get a Wyoming Real Estate Broker License

Written by: Mary Gerardine

Cartoon woman holding a Wyoming Real Estate Broker License sign

    Becoming a Wyoming real estate broker is a strong step forward in your career. Not only does this advanced license look great on a resume, it also allows you to work independently, open real estate brokerage firms, and manage other agents within these firms.

    Getting the Wyoming Real Estate Broker License is a fairly simple process, but it does require you to complete six steps, and have a few prerequisites before applying or taking the broker’s exam.

    This guide covers all of these requirements in a simple, easy to understand way that will make it easier for you throughout this process.

     

    Wyoming Real Estate Agent vs. Real Estate Broker

    Wyoming offers two different types of real estate license: Sales and Broker.

    sales agent’s license is the initial license that real estate agents get in order to sell real estate.

    A broker’s license is an advanced license that allows the license holder to operate at a higher level within real estate businesses in Wyoming.

    People often confuse sales agents and brokers. A simple way to look at the difference is that holders of the sales agent’s license are called real estate agents, while holders of the broker’s license are called real estate brokers.

    If you are working towards getting your first license, check out our Wyoming Real Estate License guide. If you’re working on the Wyoming real estate broker license, keep reading this page!

     

    Wyoming Real Estate Broker License Requirements

    First, to be eligible for a real estate broker’s license, you must meet the prerequisites to become a real estate broker in Wyoming.

    These prerequisites are:

    • Must have completed the Broker I & Broker 2 courses
    • Hold a valid Wyoming salesperson license for two years of the past four immediately preceding years

    Please note that the requirements will be different depending on whether you have an active license in another state.

     

    How to Become a Real Estate Broker in Wyoming

    Once you meet all the requirements listed above, you can follow these six steps to easily help you get your real estate broker license in Wyoming.

    Step 1: Get a Fingerprint-Based Background Check

    Before applying for a broker’s license in Wyoming, the first step is to undergo a fingerprint-based background check.

    To begin the fingerprinting process, contact any local law enforcement agency and request to have your fingerprints taken. You will need them to do two blue fingerprint cardsThe fingerprinting fee may vary and is in addition to the $39 fee to the Attorney General.

    Mail your completed fingerprint cards to:

    Wyoming Real Estate Commission
    2617 E. Lincolnway, Suite H
    Cheyenne, WY 82002

    Note:

    If you aren’t sure whether you qualify for a real estate broker license based on your history, check out our article on Real Estate License Eligibility.

     

    Step 2: Complete a Wyoming Broker Pre-Licensing Course

    Before taking the broker exam, you must first complete all pre-licensing education requirements. In Wyoming, you must complete the Broker I and Broker 2 courses.

    Recommended Course:

    We recommend Colibri Real Estate for real estate pre-license courses in Wyoming.
    4.3 out of 5 starsColibri Real Estate

    These real estate courses mostly cover the fundamentals of working in real estate and must be completed within one year of your broker’s license application. The required classroom hours for the Broker I course includes the following mandatory courses:

    • Terminology
    • Language
    • Law

    As part of the classroom requirements, you must also take the Broker II course. This will cover the following topics and help prepare you for the state exam:

    • Risk management
    • Fair housing
    • Buyer/seller relationship

    Wyoming offers no direct reciprocity, so if you’re an agent (or broker) in a different state you will need to take the Broker II class and the Wyoming law course. You will also need to pass the state broker exam.

    After completing the courses, you must also pass the final broker course exam. The minimum passing grade is 70%. The final pre-license exam is to be supervised by a proctor, whether on-site or online. This is not the same as the state broker exam.

    After passing your broker course exam, your pre-license education provider will give your course completion documents. All documents of course completion can be submitted via email to realestatecommission@wyo.gov or mailed to the Wyoming Real Estate Commission (WREC) during your license application.

     

    Step 3: Pass the Wyoming Real Estate Broker Exam

    Once you meet the broker pre-licensing education requirements and pass the course exam, you must take the real estate broker licensing exam via Pearson VUE.

    The fee for the broker exam is $80. The National exam needs to be completed in 150 minutes (2.5 hours), while the state-specific exam needs to be finished in 90 minutes (1.5 hours).

    For more information on the exam, Pearson VUE provides a Candidate Handbook containing the Wyoming Real Estate Broker Exam content outline.

    Taking an exam prep course provides you with helpful tools and materials, such as quizzes and specific state-only practice exams, to increase your chances of passing your broker license exam the first time.

     

    Step 4. Obtain Errors and Omissions Insurance

    As part of your application, you are required to have an errors and omissions (E&O) insurance policy to hold an active Wyoming real estate license.

    The Rice Insurance Services Center (RISC) is the state’s partner in providing E&O insurance coverage to Wyoming real estate licensees. This program is open to all actively-licensed Wyoming real estate brokers and associate brokers.

    You can obtain E&O insurance from other providers as long as coverage meets Wyoming’s minimum requirements.

     

    Step 5: Submit a Wyoming Broker License Application

    After completing the steps above, you can now apply for your license.

    To submit your broker license application, you must use the Real Estate Associate Broker Application form.

    The application fee is $300

    Along with your application, enclose the following documents:

    • Credit Card Authorization Form
    • Two fingerprint cards
    • Recent close up photograph
    • Broker I certificate
    • Broker II certificate
    • Proof passing exam score reports (national and state-specific)
    • Proof of legal presence
    • Proof of E&O insurance
    • Certified License History for each state licensed in (current and expired)

    Send your completed applications to WREC:

    Mailing Address:

    Wyoming Real Estate Commission
    2617 E. Lincolnway, Suite H
    Cheyenne, WY 82002

    Emailrealestatecommission@wyo.gov

     

    Step 6: Application Review

    After passing your broker exam, you will only need to wait for WREC to review and approve your application.

    Only completed applications will be processed. This process should take from 5-10 business days. If you have any questions regarding the status of your application, you should contact WREC at (307) 777-7141 or realestatecommission@wyo.gov.

     

    Congratulations!

    Now that you’ve successfully passed the broker licensing exam and obtained your license, there are a few things you need to do to keep your broker license active and updated.

     

    Wyoming Real Estate Broker License Renewal and CE

    In Wyoming, you must renew your real estate broker license every three years. For your first renewal, you must renew by December 31 of the year that the license was issued. If you have a newly issued, active license, you are not required to have any continuing education (CE) hours. From there, the three year cycle starts.

    To renew your license, you can use the Wyoming Real Estate Commission & Certified Appraiser Board website. Please note that you can only create a login once you have an active license. An email reminder will be sent for your convenience. The renewal fee is $350.

    As part of renewing your broker license, you must also complete the CE requirements that include 45 hours of commission-approved courses. Of the hours, 24 are required and 21 are elective. The Wyoming Real Estate Commission provides a list of accredited institutions where you can get your CE, as well as a list of approved elective courses.




    Wyoming Real Estate Broker License FAQ

    How much does it cost to get a real estate broker license in Wyoming?

    The costs of getting a real estate broker license in Wyoming can range between $600 and $900.

    The cost breakdown is as follows:

    Pre-license education courses: $209-$399

    Fingerprint-based background check: Fees may vary in addition to the $39 made payable to the Attorney General

    Broker exam fee: $80

    Application fee: $300

     

    How long does it take to get a real estate broker license?

    The steps that typically take the most time when getting a broker license include taking pre-license education courses and exams. The average amount of time to get a broker license is generally three to six months.

     

    What is the difference between a real estate agent and a real estate broker?

    Real estate agents focus on working with clients on individual real estate transactions, while real estate brokers have more experience with the added responsibility of managing a team of real estate agents or brokerage business.

    See our Real Estate Agent vs Broker vs Realtor page for more information.

     

    How much does a real estate broker make?

    Real estate brokers get paid just like real estate agents by earning commissions on their agents’ sales. Brokers can also charge the real estate agents they manage a fixed monthly fee or opt to earn money on commission sales by helping their own clients buy and sell property. According to Payscale data, brokers earn $61,314 per year in base salary, with anywhere between $10,000 and $147,000 in commissions. The Bureau of Labor Statistics indicates that the median broker salary is $62,010.

     

    How do I get a job as a real estate broker in Wyoming?

    Browse through available real estate broker jobs in your area using our StateRequirement Job Board!




    WYREC – Wyoming Real Estate Commission

    Mailing Address:

    Wyoming Real Estate Commission
    2617 E. Lincolnway, Suite H
    Cheyenne, WY 82002

    Hours: Monday to Friday, 8:00 am-5:00 pm

    Phone: (307) 777-7141

    Emailrealestatecommission@wyo.gov 

    WebsiteWyoming Real Estate Commission




    Information on this page has been gathered by a multitude of sources and was most recently updated in October 2022.

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