WRES Wyoming Real Estate Salesperson - Set 1 - Part 3

Test your knowledge of technical writing concepts with these practice questions. Each question includes detailed explanations to help you understand the correct answers.

Question 41: Before an owner may start a forcible entry and detainer action against a holdover renter in Wyoming, the statute requires advance written notice for the renter to leave the premises. How far in advance must that notice be served before commencing the action?

At least ten days

At least thirty days

At least three days

At least five days

Question 42: When the Commission is required to make any payment from the recovery account toward a judgment against a licensee, the statute directs a specific immediate action against that licensee's credential. What must the Commission do the very moment it pays?

Immediately revoke the license

Issue a written warning

Place the licensee on probation

Immediately suspend the license

Question 43: After the recovery account pays a claim, the suspended licensee cannot be relicensed until repaying the account in full together with statutory interest. The rate is set high to discourage relying on the fund. What interest rate applies to that repayment?

Eighteen percent per annum

Ten percent per annum

Twelve percent per annum

Eight percent per annum

Question 44: A Laramie renter's lease ends and she later mails the owner her new forwarding address. Wyoming sets two possible deadlines for returning the security deposit, one measured from termination and one from the address, and one of them controls. Which deadline governs the return?

Whichever date is earlier

Always thirty days from termination

Whichever date is later

Always fifteen days from the address

Question 45: A developer near Gillette wants to market individual parcels of a new tract by lot number to prospective buyers. Wyoming law bars selling lots by number until a certain step is completed. What must occur before the developer may sell by lot number?

The buyer must be licensed

The plat must be recorded

The county must reappraise it

The tract must be surveyed twice

Question 46: A defrauded consumer who has won a final judgment against a licensee and cannot collect it may petition for payment from the real estate recovery account. The statute caps what the account will pay on that claim. What is the maximum recoverable?

Twenty thousand dollars

Fifty thousand dollars

Five thousand dollars

Ten thousand dollars

Question 47: The plat of a Sheridan addition shows each new lot bearing an identifying figure so buyers and the recorder can refer to a specific parcel. Under the Wyoming platting statute, in what manner must the subdivisions on the plat be identified?

Alphabetically by block

By progressive numbers

By total acreage

Clockwise from true north

Question 48: The routing of the recovery fund fee shifts a second time as the account keeps growing past its first threshold. Once the real estate recovery fund account balance reaches fifty thousand dollars, where does the entire collected fee then go?

All to the recovery fund

Half to each fund

The fee is not collected

All to the education fund

Question 49: When a Wyoming proprietor records the plat of a new subdivision, the statute directs that the drawing be tied to fixed physical reference points so the lots can be located on the ground. To what must the plat make its references?

Township, range and meridian

Global positioning coordinates

Known or permanent monuments

Adjoining owners' names

Question 50: As the real estate recovery fund account grows, the destination of each collected fee changes. When the account balance first reaches twenty thousand dollars, the twenty-dollar fee stops flowing entirely into recovery. How is each fee then divided at that first threshold?

Half recovery, half education

All to the education fund

All to the recovery fund

Two-thirds education, one-third recovery

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