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Real Estate Broker
Total cost: $1265
Some details on this page are not yet confirmed against an official source. See sources below or contact the licensing board to verify.
54 hrs
Pre-License Hours
2 yrs
Experience Required
Yes
Exam Required
45 hrs
CE Hours
$1265
Total Fees
Permitted
Dual Agency
Broker Pre-License Education
Mostly verifiedPre-License Hours
54 hours
College Degree Required
No
Approved Providers
Wyoming-approved real estate schools, colleges, and online providers
Additional Broker Courses
Additional broker-specific courses in management, supervision, and advanced real estate topics required beyond salesperson education
Course Topics
Real estate broker education requirements include pre-license coursework covering topics such as real estate law, brokerage management, contracts, finance, and ethics. Some states require a college degree in addition to pre-license hours, while others accept equivalent experience.
Browse Real Estate Broker study materials on Amazon →(affiliate link)
Start with the salesperson license
Broker licensing in Wyoming typically requires completing your salesperson (real estate agent) license first and practicing for 2 years before you can sit for the broker exam. The pre-licensing courses below are the recommended starting point on the path to a broker license.
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Agent Experience & Transaction History
Mostly verifiedAgent Experience Required
Prior real estate sales agent experience
2 yrs
Min Years as Agent
Most states require a period of active experience as a licensed real estate sales agent before qualifying for a broker license. Some states use a points-based system or require a minimum number of closed transactions as an alternative or additional requirement.
State Broker Exam
Mostly verifiedState Broker Exam Required
Real estate broker licensing examination
Multiple-choice; national and state-specific portions
Format
PSI
Provider
70% national + 75% state
Passing Score
$180
Exam Fee
Exam Sections
The real estate broker exam typically includes both a national portion covering general real estate principles and a state-specific portion covering local laws and regulations. Exams are usually administered by third-party providers such as PSI or Pearson VUE at authorized testing centers.
Overall licensing difficulty: 12/100
Study recommendation: 1–2 weeks of focused review is usually sufficient
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Broker Exam Prep Books
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Difficulty rating based on education, exam, and experience requirements. Individual experience may vary.
Real Estate Broker Exam
Passing Score
70% national + 75% state
Format
Multiple-choice; national and state-specific portions
Administered By
PSI
Key Topics Covered
Cost of failing
Retake fee: $180Invest in preparation to pass the first time.
How long should you study? Most candidates study 2–4 weeks before taking the Real Estate Broker Exam.
Study guides for the real estate broker licensing exam.
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Broker Practice Capabilities
VerifiedYes
Independent Practice
Yes
Supervise Agents
Yes
Operate Brokerage
Yes
Property Management
Yes
Escrow Handling
Yes
Dual Agency
Yes
Designated Agency
Restricted Activities
Real estate brokers have a broader scope of practice than sales agents, including the ability to operate their own brokerage, supervise agents, and handle escrow funds. Dual agency (representing both buyer and seller) and designated agency rules vary significantly by state.
| Fee | Amount |
|---|---|
Application Fee | $300 |
Exam Fee Paid to PSI (or Pearson VUE — verify current provider). VERIFY against current WY broker exam fee — per realestateu salesperson: $80 per section at test center, $90 OnVUE; broker fee may differ. | $180 |
License Fee VERIFY if separate from $300 application fee. Per StateRequirement: $350 is the renewal fee; initial license may be covered by $300 application fee (potential double-counting). Recommend consolidating if double-counting. | $350 |
E&O Insurance E&O Insurance REQUIRED (individual or group coverage via state plan). Cost varies by provider. | $200 |
MLS Fees MLS membership varies by local association | $400 |
Renewal Fee Per StateRequirement directly: '$350 fee' for renewal. Renewal every 3 years by December 31. CRITICAL: Licenses not renewed by March 1, 2026 will expire and require reapplication per WY REC manage license page (transition deadline). | $350 |
Total Initial Fees Includes application, exam, license, E&O insurance, and MLS fees | $1265 |
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Renewal & CE Requirements
Mostly verified3 years (by December 31)
Renewal Period
45 hrs
CE Hours Required
—
Post-License Education
Required CE Topics
Renewal Fee
$350
Per StateRequirement directly: '$350 fee' for renewal. CRITICAL: Licenses not renewed by March 1, 2026 will expire and require reapplication.
Regulatory Board
Broker licenses must be renewed on schedule with the state real estate commission. Continuing education typically covers topics such as ethics, fair housing, agency law, and state-specific legal updates. Some states also require post-license education within the first renewal period.
Out-of-State Reciprocity
VerifiedDoes Not Accept Out-of-State Credentials
Endorsement Available
Yes
ARELLO Certification
Accepted
Reciprocal States
Reciprocity Requirements
Real estate broker reciprocity agreements allow brokers licensed in one state to obtain a license in another state with reduced requirements. ARELLO (Association of Real Estate License Law Officials) certification may be accepted in some states. Requirements typically include passing the state-specific portion of the broker exam.
Moving to another state? Use our Transfer Tool to see what you need →
Compare Wyoming with other states →
See how requirements, costs, and timelines differ across all 50 states.
Wyoming uses 3-tier broker structure: Salesperson → Associate Broker → Responsible Broker. Associate Broker pre-license is 54 hrs (Broker Course I 30 + Broker Course II 24); Responsible Broker adds 8-hr Wyoming Brokerage Management for total 62 hrs. Wyoming Law Course required separately. Broker exam structure: 10 simulation problems (national) + 40 multiple-choice (state). Bifurcated passing: 70% national + 75% state. Verify exam provider — recent sources lean Pearson VUE, GLM has PSI. CE 45 hrs/3yr (Associate Broker) or 53 hrs/3yr (Responsible Broker including 8-hr WBM); newly licensed exempt from first-cycle CE. NO formal reciprocity but partial education waiver available. March 1, 2026 hard renewal deadline: licenses not renewed expire and require reapplication. $39 background check via FBI+DCI; notarized application; 90-day deadline post-exam.
WY uses 3-tier broker structure: Salesperson → Associate Broker (mid-tier, 54-hr pre-license = Broker Course I 30 + Broker Course II 24) → Responsible Broker (top tier, 62-hr pre-license = Associate Broker requirements + 8-hr Wyoming Brokerage Management).
Schema's 'Broker' credential targets Associate Broker tier (matching most states' 'Broker' credential).
Wyoming Law Course required separately or may be combined with Broker Course I.
Experience: 2 years as licensed real estate salesperson before broker upgrade.
Broker exam structure: National portion = 10 simulation problems (NOT multiple-choice for broker); State portion = 40 multiple-choice questions. Total: 130 questions per Colibri.
Bifurcated passing scores: 70% national + 75% state.
CE 45 hrs/3yr (Associate Broker) or 53 hrs/3yr (Responsible Broker, includes 8-hr Wyoming Brokerage Management). Newly licensed brokers exempt from first-cycle CE.
CE breakdown for Associate Broker: 24 mandatory hours (WYREQ03 Fair Housing & Anti-Trust 4 hrs; WYREQ04 RE Management & Technology 4 hrs; WYREQ05 Marketing/Advertising/Social Media 4 hrs; WYREQ06 Valuation and Finance 4 hrs; WYREQ08 Agency and Contracts 8 hrs) + 21 electives = 45 hours.
CRITICAL: Licenses not renewed by March 1, 2026 will expire and require reapplication per WY REC manage license page (transition deadline being communicated by WREC).
E&O Insurance REQUIRED (individual or group coverage via state plan).
Background check: $39 to Office of Attorney General; 2 blue fingerprint cards in 9x9 sealed manila envelope; FBI + DCI (Division of Criminal Investigation); reports valid 90 days.
90 days from passing exam to submit license application (otherwise must retake).
Application must be notarized.
Wyoming Secretary of State Certificate of Good Standing required for entity (firm) broker applications.
Meeting Minutes required for entity Responsible Broker applications, signed by President and attested by Secretary.
NO formal reciprocity but partial education waiver available for out-of-state broker applicants (National exam may be waived; WY-specific education + state exam still required).
Min age 18.
Dual agency is permitted with proper disclosure in Wyoming.
Real Estate Broker Schools in Wyoming
Compare approved training programs, costs, and requirements.
Wyoming requires 54 hours of pre-license education and 2 years of agent experience for broker licensure. A state broker exam is required. All licensing is managed through the Wyoming Real Estate Commission.
Requirements vary by state. Always verify current requirements with your state real estate commission.