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SF0080

Wyoming Real Estate Licensure Revisions

Last scannedOct 18, 2026, 2:19 AM

In one sentence

This law updates rules for real estate licensees in Wyoming, specifically changing who can act as a designated licensee in in-house transactions and clarifying requirements for written listing agreements.

What it does

  • Amends the rules for who can be a designated licensee in in-house real estate transactions.
  • Allows a salesman to be a designated licensee if they are under the direct supervision of a responsible broker who is not a party to the transaction.
  • Allows a salesman to be a designated licensee if they are under the direct supervision of a transaction manager.
  • Requires written listing agreements to identify the property to be sold or acquired.
  • Requires written listing agreements to include all terms and conditions, including the price or price range, compensation, signatures, and expiration date.
  • Updates the definition of a violation to include conducting real estate activity with a buyer or seller who has an outstanding written agreement with another responsible broker.

Who it affects

  • Real estate licensees conducting activity in Wyoming.
  • Responsible brokers and transaction managers.
  • Real estate companies with more than one licensee.

Limits and unknowns

  • The bill does not specify new penalties for failing to follow the new supervision rules, though it maintains the existing fine limit of $2,500 per offense.
  • The bill does not explain how existing contracts are affected by these changes.

Plain language

Terms to know

Designated licensee
A licensee designated by a real estate company to work with a buyer or seller in a specific transaction.
In-house transaction
A real estate transaction where the designated licensee is associated with the same real estate company as the other party's representative.
Transaction manager
A person who supervises a salesman in a real estate transaction.

Official record

Sources

Source checked
Read the official summary

Bill No.: <billno> Drafter: <drafterinit> Bill No.: SF0080 Drafter: LGC LSO No.: 14LSO-0303 Effective Date: Immediate Enrolled Act No.: SEA0056 Chapter No.: CH0118 Prime Sponsor: Senator Anderson, J.L. (SD28) Catch Title: Real estate licensure-revisions. Subject: Real estate licenses. Summary/Major Elements: Under current law, a real estate company may designate a licensee for in house real estate transactions if the salesman is under the direct supervision of a responsible broker and the responsible broker is not a party to the transaction or a transaction manager. This bill amends the requirement to require that the designated licensee must be: A salesman under the direct supervision of the responsible broker and the broker is not a party to the transaction; or A salesman who is under the direct supervision of a transaction manager.

Public statements

Why lawmakers voted

Last checked Aug 7, 6:33 AM

Voted Yes

Why they voted this way

The lawmaker supports the bill because it contains minor wording changes that have been vetted by the Realtor Board and Association.

Public statementFloor statement at 49:31 Watch the statement

If a lawmaker is not listed, we couldn't find a published reason.

Wyoming roll calls

Recorded votes

6 roll calls

S Did Concur 30-0-0-0-02014-03-05 · Senate30 yes 0 no
H Passed 3rd Reading 60-0-0-0-02014-03-04 · House60 yes 0 no
H03 Recommended Amend and Do Pass 8-0-1-0-02014-02-28 · House8 yes 0 no
S Passed 3rd Reading 29-1-0-0-02014-02-25 · Senate29 yes 1 no
S07 Recommended Do Pass 5-0-0-0-02014-02-20 · Senate5 yes 0 no
S Introduced and Referred to S07 29-0-1-0-02014-02-12 · Senate29 yes 0 no

Official activity

Bill history

  1. Assigned Chapter NumberLSO
  2. Governor Signed SEA0056Governor
  3. H Speaker Signed SEA No. 0056House
  4. S President Signed SEA No. 0056Senate
  5. Assigned Number SEA0056LSO
  6. S Did ConcurSenate
  7. S Received for ConcurrenceSenate
  8. H Passed 3rd ReadingHouse
  9. H Passed 2nd ReadingHouse
  10. Amendment AdoptedHouse
  11. H Passed CoWHouse
  12. H Amendments AdoptedHouse
  13. Amendment AdoptedHouse
  14. H Placed on General FileHouse
  15. H03 Recommended Amend and Do PassHouse
  16. H Introduced and Referred to H03House
  17. H Received for IntroductionHouse
  18. S Passed 3rd ReadingSenate
  19. S Passed 2nd ReadingSenate
  20. S Passed CoWSenate

Changes

Amendments

2 stored

SF0080H2001

Adopted 2nd reading by WALTERS

SF0080HS001

Adopted Standing Committee by H03