In Wyoming it is the WREC that administers real estate licensing. To apply for a salesperson license, one must be sponsored by a Wyoming licensed real estate broker, and must complete at least 54 hours of approved real estate education courses. To apply for a broker license, one must be either graduating from a Salesman license and take both the State AND National exams, OR holding equal license in a resident state and pass the State exam. Throughout the book we try to use the term "real estate agent" instead of being very specific since many of the real estate skills and knowledge actually apply to both salespersons and brokers (MOST EXAM TOPICS ARE HIGHLY SIMILAR IF NOT TOTALLY IDENTICAL). In fact, in many states the term agent and salesperson are often used interchangeably. A lot of topics are covered by the exam but we choose to focus on the legal and regulatory topics here. We give you knowledge information relevant to the exam specification. To be able to succeed in the real exam, you'll need to apply your earned knowledge to the question scenarios. Many of the exam questions are written to be less straight forward. They tend to be framed within the context of short scenarios. An advice: Do NOT rely on a single source for exam preparation. To secure exam success, always use multiple sources and read as much as possible! TAX RATES AND FEES TEND TO CHANGE FREQUENTLY. THEREFORE YOU SHOULD CHECK WITH YOUR LOCAL AUTHORITIES FOR THE LATEST INFORMATION UPDATES.