10 exam-style questions with answers and explanations, straight from our 1,030-question bank. Tap an answer to check yourself. When you're ready, take the scored version in the free practice test.
These 10 free WY-REB questions are organized by exam domain, so you can see how each part of the Wyoming Real Estate Broker Exam blueprint is tested. Reveal the answer and explanation under each question.
Maria and Leon own a parcel as joint tenants. Maria alone executes and delivers a deed conveying her entire interest to Priya. What ownership exists immediately after delivery?
Correct answer: B - Leon and Priya hold undivided interests as tenants in common
A comparable sold for $465,000. Relative to the subject, it lacks a two-car garage worth $24,000 but has a remodeled kitchen worth $15,000 more. Using the sales-comparison approach, what is the comparable's adjusted sale price?
Correct answer: B - $474,000
A buyer's written offer states that it expires Friday at 5:00 p.m. On Thursday, the seller signs after moving the closing date one week later and returns the document. The buyer does not respond. At 4:00 p.m. Friday, the seller signs a new copy containing the buyer's original terms. What is the contractual result?
Correct answer: A - No contract exists; the seller's counteroffer terminated the buyer's original offer
A seller's agent learns that the seller would accept $25,000 less than the asking price and that the basement floods during every spring thaw. When a prospective buyer asks about price flexibility and water intrusion, which response best satisfies the agent's duties?
Correct answer: A - Keep the seller's minimum price confidential, but disclose the known recurring flooding
An applicant for a no-pet apartment provides reliable documentation that an assistance animal is needed because of a disability. The landlord normally charges a $300 nonrefundable pet fee. Which response complies with the Fair Housing Act?
Correct answer: D - Grant the accommodation without a pet fee, while retaining neutral rules for actual damage
Two properly conducted radon tests on a listed home produce a confirmed average of 4.2 pCi/L. The seller asks the broker to advertise that the home is below the federal action level. How should the broker respond?
Correct answer: C - Decline the claim: 4.2 pCi/L exceeds EPA's 4 pCi/L action level; recommend qualified mitigation advice
Two days before consummation, a creditor issues a corrected Closing Disclosure that changes only prepaid property taxes. The APR remains accurate, the loan product is unchanged, and no prepayment penalty is added. What timing rule applies?
Correct answer: D - The corrected disclosure may be provided without restarting a new three-business-day waiting period
In a Wyoming in-house transaction, the Responsible Broker is the seller's designated licensee and an affiliated salesperson is the buyer's designated licensee. What must the Responsible Broker do when these designations arise?
Correct answer: A - Immediately appoint a transaction manager to supervise the transaction
A consumer loses money through a Wyoming licensee's fraud but does not commence the underlying lawsuit until 14 months after the cause of action accrued. The consumer later obtains a final unpaid judgment and petitions promptly after the appeal period ends. Why is payment from the Real Estate Recovery Account unavailable?
Correct answer: C - The underlying suit was not commenced within one year after the claim accrued
At month-end, a Wyoming Responsible Broker's sales-trust records show an adjusted bank balance of $62,400, a journal balance of $62,400, and combined transaction-ledger balances of $61,950. What is the broker's best next step?
Correct answer: C - Investigate and correct the $450 ledger discrepancy; the account is not reconciled
The WY-REB exam also covers these domains. Drill them in the full free practice test:
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