This is a facsimile of the original document, duplicate originals of this Agreement shall be retained by each state.

Idaho License Recognition License Requirements for Wyoming Licensees

This Agreement is between the State of Idaho (hereinafter referred to as "Idaho") and the State of Wyoming (hereinafter referred to as "Wyoming").

WHEREAS Idaho and Wyoming desire to enter into an agreement concerning the granting of real estate licenses in their respective states; and

WHEREAS the Idaho Real Estate Commission and the Wyoming Real Estate Commission have the statutory authority to enter into this reciprocal agreement, (hereinafter referred to as "Agreement"),

WHEREAS the purpose of this Agreement is to facilitate business and commerce between the two states while coordinating the efforts of each state to oversee the activities of licensees and better protect consumers, and is in the public interest of the citizens of Idaho and Wyoming:

NOW, THEREFORE, IT IS AGREED THAT LICENSES MAY BE GRANTED UPON THE FOLLOWING TERMS AND CONDITIONS:

1. For the purposes of this Agreement, the following definitions shall apply:
   a. "Primary license" means a real estate license issued by the licensee's state of residence;
   b. "Reciprocal license" means a real estate license issued by a state to a nonresident licensee
         and by virtue of this Agreement;
   c. "State" refers to either Idaho or Wyoming.

2. The successful completion of the Idaho real estate salesperson's licensing examination, and the granting of a primary real estate salesperson's license by Idaho, shall be recognized by Wyoming in satisfaction of its licensing requirements for real estate salesperson, and will enable an Idaho salesperson to obtain, upon the filing of the proper application and fees, a reciprocal Wyoming salesperson's license.

3. The successful completion of the Wyoming real estate salesperson's licensing examination, and the granting of a primary real estate salesperson's license by Wyoming, shall be recognized by Idaho in satisfaction of its licensing requirements for real estate salesperson, and will enable an Wyoming salesperson to obtain, upon the filing of the proper application and fees, a reciprocal Idaho salesperson's license.

4. The successful completion of the Idaho real estate broker's licensing examination and the granting of a primary real estate broker's license by Idaho shall be recognized by Wyoming in satisfaction of its licensing requirements for real estate broker and will enable an Idaho broker to obtain, upon the filing of the proper application and fees, a reciprocal Wyoming real estate broker's license.

5. The successful completion of the Wyoming real estate broker's licensing examination and the granting of a primary real estate broker's license by Wyoming shall be recognized by Idaho in satisfaction of its licensing requirements for real estate broker and will enable a Wyoming broker to obtain, upon the filing of the proper application and fees, a reciprocal Idaho real estate broker's license.

6. It is herein understood that an Wyoming licensee seeking a reciprocal Idaho license as a salesperson or associate broker must be actively licensed under and associated with an Wyoming broker who also holds an active reciprocal Idaho license as a designated broker. Likewise, an Idaho licensee seeking a reciprocal license in Wyoming as a salesperson or associate broker must be actively licensed under and associated with an Idaho broker who also holds an active reciprocal Wyoming license as a designated broker.

7. It is further understood that each reciprocal license must be issued in the same category as the licensee's primary license. Any change to the primary license status (e.g., active to inactive), category (e.g., salesperson to broker) or designation of responsibility (e.g., associate broker to designated broker) must also be made to the reciprocal license. It shall be the responsibility of the individual licensee to keep his or her reciprocal license current and to pay any fees associated with making changes to the reciprocal license.

8. It is further understood that only a non-resident licensee may be reciprocally licensed under this Agreement. A reciprocal licensee may not maintain his or her place of business in the state issuing the reciprocal license. A reciprocal licensee who relocates his or her place of business from one state to the other must obtain a primary license in the new state.

9. When a licensee who holds a primary license in one state, moves his place of business from that state to the other state, such licensee shall be able to obtain, upon filing of the proper application and fee, and without taking the new state's licensing examination, a primary license of the same license category in the new state of residence.

10. The parties to this Agreement shall issue, renew and continue a reciprocal license only where a licensee granted a license under this Agreement complies with the continuing education requirements of his or her state of residence, and provides proof of such compliance in the form required by the state issuing or renewing the reciprocal license. Should it appear to either licensing authority, in its good judgment, that an applicant is seeking a change in licensure, from one state to the other, for the purpose of avoiding the continuing education requirements of the states, such authority may deny the application for licensure, or may require proof of completed continuing education course work before issuing the license.

11. The applicant's state of residence shall, upon request from the state issuing the reciprocal license, provide a certificate of license history certifying the applicant's current licensure and good standing in the applicant's state of residence.

12. The parties to this Agreement shall issue, renew and continue a reciprocal license provided that the licensee complies with the statutes and regulations of the state issuing the reciprocal license, including the laws regarding the proper location of trust funds and entrusted property.

13. The parties to this Agreement shall issue, renew and continue a reciprocal license provided that the licensee, by agreement or otherwise, is subject to service of process in any civil action in the form prescribed by the state issuing the reciprocal license.

14. The parties to this Agreement shall issue, renew and continue a reciprocal license provided that the licensee, by agreement or otherwise, submits to the jurisdiction of the state issuing the reciprocal license for purposes of investigation and disciplinary action.

15. It is herein understood that a reciprocal license granted under the terms of this Agreement is contingent upon the licensee's maintenance of a current primary real estate license in his or her state of residence. Failure to maintain a current primary license in the state of residence shall cause the reciprocal license to automatically terminate.

16. The applicant's state of resident agrees to provide, to the state issuing the reciprocal license, information regarding its actions to issue, expire, renew, inactivate, or terminate the primary license of any person who holds a reciprocal license with the other state.

17. Each state agrees that, whenever its licensing authority takes formal action against, or suspends or revokes, the primary license of person who holds a reciprocal license with the other state, such authority shall immediately notify the other state's licensing authority of such action and provide a copy of the documents of such action.

18. The duration of this Agreement shall be ongoing until terminated in accordance with the terms herein.

19. The provisions of this Agreement shall be administered in Idaho by the Idaho Real Estate Commission through its Executive Director, and, in Wyoming, by the Wyoming Real Estate Commission through its Executive Director.

20. It is anticipated that no real or personal property shall be required for the administration of this Agreement.

21. The right is hereby reserved by either or both of the above-mentioned licensing authorities to, in the exercise of its discretion, refuse to issue any reciprocal license to a nonresident applicant for just cause.

22. It is anticipated that all funds necessary to finance the administrative costs of this program in each state will be derived from sufficient license fees and appropriate charges made by the licensing authorities in each state, and will be borne fully by those seeking reciprocal licenses. There will be no joint funding nor any shared costs of administration between the two state licensing authorities.

23. This Agreement may be terminated by either state, at any time, by written notification to the other state. Any such termination will occur midnight of the 60^th day after written notice is received by the other state. The notice of termination shall recite, within it, the effective date of the termination. The state requesting termination shall be responsible for notifying in writing all affected reciprocal licensees.

24. This Agreement supersedes any and all previous agreements for license reciprocity between Idaho and Wyoming.

25. The parties acknowledge that, pursuant to section 67-2329, Idaho Code, this Agreement must be filed with and approved by the Idaho Secretary of State before it goes into effect. This Agreement shall be in full force and effect upon notification to the parties by the Idaho Secretary of State.

AGREEMENT APPROVED: Signatures are affixed to the original.

This agreement was Signed by Donna M. Jones Executive Director for IDAHO REAL ESTATE COMMISSION on June 6, 2000

and Signed by Harold L. Brethour Chairman, for WYOMING REAL ESTATE COMMISSION on June 12, 2000