§ 40-26-110 — Sales and rentals exempted

(a) W.S. 40-26-103 through 40-26-109 do not apply to the
sale or rental of a single family house sold or rented by the
owner if the owner does not own more than three (3) single
family houses at any one (1) time or own any interest in, nor is
there owned or reserved on the person's behalf, under any
express or voluntary agreement, title to or any right to any
part of the proceeds from the sale or rental of more than three
(3) single family houses at any one (1) time. In addition, the
house must be sold or rented without the use of the sales or
rental facilities or services of a licensed real estate broker,
agent or of a person in the business of selling or renting
dwellings, or of an employee or agent of any such broker, agent,
or person; or the publication, posting or mailing of a notice,
statement or advertisement prohibited by W.S. 40-26-104. The
exemption provided in this subsection applies only to one (1)
sale or rental in a twenty-four (24) month period, if the owner
was not the most recent resident of the house at the time of the
sale or rental. For the purposes of this subsection, a person
is in the business of selling or renting dwellings if the
person:
(i) Within the preceding twelve (12) months, has
participated as principal in three (3) or more transactions
involving the sale or rental of any dwelling or any interest in
a dwelling; or
(ii) Within the preceding twelve (12) months, has
participated as agent, other than in the sale of the person's
own personal residence, in providing sales or rental facilities
or sales or rental services in two (2) or more transactions
involving the sale or rental of any dwelling or any interest in
a dwelling; or
(iii) Is the owner of any dwelling designed or
intended for occupancy by, or occupied by, five (5) or more
families.
(b) W.S. 40-26-103 and 40-26-105 through 40-26-109 do not
apply to the sale or rental of the rooms or units in a dwelling
containing living quarters occupied by or intended to be
occupied by not more than four (4) families living independently
of each other, if the owner maintains and occupies one (1) of
the living quarters as the owner's residence.