§ 33-28-110 — Unlawful to compensate unlicensed person; licensing of like-licensed nonresidents; service of process on nonresidents

Wyoming § 33-28-110

• Jurisdiction: Wyoming
• Title 33: Professions and Occupations
• Ch. 28: REAL ESTATE BROKERS AND SALESPERSONS
• Art. 1: GENERAL LICENSING PROVISIONS

Text

(a) It is unlawful for any responsible broker to
compensate any person who is not a licensee associated with his
real estate company or a responsible broker for another real
estate company for performing any real estate activity provided,
however, that a responsible broker may pay compensation to a
licensed broker of another state if the nonresident broker does
not conduct any real estate activity in this state for which
compensation is paid.
(b) A nonresident may be issued a Wyoming responsible
broker's license if:
(i) The individual holds a like-license in his home
state;
(ii) The individual is actively engaged in the real
estate business and maintains a place of business in his home
state;
(iii) The individual meets all the other requirements
of this act and rules and regulations of the commission; and
(iv) The individual furnishes the commission a
statement under seal of the commission of his home state
evidencing that he is an active licensed responsible broker, or
an equivalent, in good standing and has no complaints pending
against him in his home state.
(c) Repealed By Laws 2011, Ch. 104, § 2.
(d) A nonresident may be issued a Wyoming associate broker
or salesperson license if:
(i) The individual holds a like-license in his home
state;
(ii) The individual is actively engaged in the real
estate business in his home state;
(iii) The individual meets all the other requirements
of this act and rules and regulations of the commission; and
(iv) The individual furnishes the commission a
statement under seal of the commission of his home state
evidencing that he holds an active license in good standing and
has no complaints pending against him in his home state.
(e) Repealed By Laws 2007, Ch. 171, § 2.
(f) Prior to being issued a license, every nonresident
licensee shall file with the commission a designation in writing
which appoints the director of the commission to act as his
licensed agent upon whom all judicial and other process or legal
notices directed to the licensee may be served. Service upon the
agent so designated shall be equivalent to personal service upon
the licensee. Copies of the appointment, certified by the
director of the commission, shall be received in evidence in any
proceeding and shall be given the same force and effect as the
original. In the written designation the licensee shall agree
that any lawful process against the licensee which is served
upon his appointed agent shall be of the same legal force and
validity as if served upon the licensee, and that the authority
of the agent shall continue in force so long as any liability of
the licensee remains outstanding in this state. Upon the receipt
of any process or notice, the director shall mail a copy of the
same by certified mail, return receipt requested, to the last
known business address of the licensee.
(g) Repealed By Laws 2011, Ch. 104, § 2.
(h) Repealed By Laws 2011, Ch. 104, § 2.
(j) Repealed By Laws 2011, Ch. 104, § 2.