018-6 Wyo. Code R. § 6-3

Current through April 27, 2019
Section 6-3 - Unlawful compensation; disputes between licensees

(a) The Commission shall not entertain complaints between licensees regarding disputes concerning matters of compensation, the earning, splitting or the non-payment thereof.

(b) A Responsible Broker may compensate a licensed, unlicensed or inactive person for real estate activity performed if the person was actively licensed and under the Responsible Broker's supervision at the time the real estate activity was performed.

(c) W.S. 33-28-110(a) does not apply to incentives offered or paid to persons, who on their own behalf, engage the services of a licensee to assist them with the sale or purchase of real estate, provided those persons do not perform any real estate activity. Advertising and/or paying such incentives does not violate any provision of the act or rule or regulation of the Commission.

(d) A licensee may pay their personal assistant a salary directly. The Responsible Broker shall pay a licensed personal assistant if that personal assistant is to receive a percentage of any compensation.

(e) A Responsible Broker's payment of earned real estate compensation to a corporation or LLC which is solely owned by a licensee or licensees working under the Responsible Broker shall not be considered a violation of W.S. 33-28-111(a)(xxiii), "compensating any unlicensed person." Any agreement between the Responsible Broker and the corporation or LLC does not relieve the Responsible Broker of the obligation to supervise the licensee or any other requirement of the act or Commission rules.

018-6 Wyo. Code R. § 6-3

Amended, Eff. 5/12/2015.

Amended, Eff. 4/16/2018.