§ 33-28-201 — Real estate recovery account created; funding of account; no liability of state

Wyoming § 33-28-201

• Jurisdiction: Wyoming
• Title 33: Professions and Occupations
• Ch. 28: REAL ESTATE BROKERS AND SALESPERSONS
• Art. 2: WYOMING REAL ESTATE RECOVERY AND EDUCATION FUNDS

Text

(a) There is created a real estate recovery account which
shall be under the direction of the commission under W.S.
33-28-201 through 33-28-206.
(b) Every person obtaining or renewing a license shall pay
an additional fee of twenty dollars ($20.00) which shall be
deposited in the real estate recovery fund account. When the
balance of the real estate recovery fund account reaches twenty
thousand dollars ($20,000.00) one-half (1/2) of the fee shall be
deposited in the real estate recovery fund account and one-half
(1/2) of the fee shall be deposited in the educational fund
account. When the real estate recovery fund account balance
reaches fifty thousand dollars ($50,000.00) all fees shall be
deposited in the education fund account.
(c) No monies shall be appropriated from the general fund
for payment of any expenses incurred under W.S. 33-28-201
through 33-28-206 and those expenses shall not be paid by the
state.