WYOMING REAL ESTATE INSTITUTE
EXCELLENCE IN REAL ESTATE EDUCATION
CATALOG
226 East Main Street, Lovell, WY 82431
307-674-6652
WHY WREI?
We have more National Exam testing experience than any other Wyoming real estate school.
ALL RIGHTS RESERVED
REGULATED AND LICENSED BY THE WYOMING DEPARTMENT OF EDUCATION
PURPOSE AND PHILOSOPHY
The purpose of the Institute is threefold:
1. To provide students with a comprehensive introduction to the
field of real estate.
2. To increase the knowledge and competency of those already
working in the industry.
3. To meet the Wyoming Real Estate Commission educational requirements and the highest degree of excellence and performance.
Although most students attend the Institute to provide themselves with a comprehensive understanding of real estate practice and law necessary to pass the State Licensing Examinations, our courses are beneficial to anyone interested in real estate as a career. We teach more than is necessary to simply pass the State Examination.
The philosophy of the Institute is that education should be stimulating, informative and enjoyable. We have mastered the innovative TCD method of learning. The TCD method involves taking tests, correcting the tests item by item with the student, and finally, discussing fully the areas which are unclear to the student. Class time is not spent listening to lectures covering material with which the student is already familiar. Rather, the time is allocated to areas the student is unfamiliar with or finds difficult.
Through our TCD method, exam fear is eliminated and the student's interest is constantly stimulated, resulting in a high degree of learning and retention of course material.
Our educational philosophy spells success
for you as a student and as a practitioner.
HISTORY OF THE INSTITUTE
The Wyoming Real Estate Institute is wholly owned by ABC Realty Company located in Sheridan, Wyoming. The TCD teaching methods of programmed instruction designed for superior retention of the material offered, were introduced in Wyoming in 1964 by WREI. Courses using these methods have been offered continuously since that time by WREI.
STAFF
Director: Sarah Johnson
Program Supervisor: Sarah Johnson
Note: Wyoming Real Estate Institute has no governing board
FACULTY
ENROLLMENT PROCEDURES
Students must enroll prior to the first session of their individual class schedule.
TO ENROLL: Students may register in advance through our website, by telephone or by mail.
Registration can either be for an individual course or one of the two programs:
Real Estate Salesperson Program or Real Estate Broker Program.
ENTRANCE REQUIREMENTS
Enrollment is open to the general public. Wyoming license regulations require an
applicant to be 18 years or older prior to becoming licensed by the State of Wyoming.
LICENSING REQUIREMENTS:
NEW LICENSE EDUCATION
Wyoming State License Law requires that all applicants show evidence to the Real Estate Commission of completion of the required educational courses. This evidence will be in the form of a Certificate of Completion indicating that courses were completed.
CLASS OFFERINGS - LOCATIONS
WREI teaches its courses through ZOOM and in various communities throughout Wyoming. Currently, classes are being offered only through ZOOM due to COVID-19. Various "in person" locations will be offered again as the COVID-19 Pandemic subsides. A current list of dates is on our website or call for more information.
TUITION AND OTHER CHARGES
Class Total
Tuition
Sales Course I & II $695
Broker Course I & II $735
NOTE: The above Course tuition INCLUDES Modern Real Estate Practice and Language of Real Estate.
Total cost of tuition includes all Institute materials and supplies. There are no other fees or charges for completion of a Course.
Included in tuition, as set forth above, is a Registration Fee of $150.00. The Registration Fee is not refundable except under the provisions of the Institute's published Refund Policy. Tuition for the Sales and Broker Courses is payable in full upon enrollment. Tuition charges are subject to change without notice.
TEXTBOOKS
Required Texts (Required texts are INCLUDED in total Program tuition):
Modern Real Estate Practice and Language of Real Estate, by John Reilly
GENERAL CLASS TIMES
Offered every month except December. Real Estate Sales and Broker Courses I & II are from 8:30 am to 5:30 pm every day for ten days. Continuing Education classes are 8:00 am to 5:00 pm for three days.
The Examinations through Pearson Vue are given in various locations and on-line.
COURSE DESCRIPTIONS & OBJECTIVES
Real Estate Sales Course I and II
To provide the Student with an understanding of real estate fundamentals and practice, including the importance of real estate, the functioning of the Real Estate Commission and complaints filed with the Commission, the basics of real estate finance, a working knowledge of real estate appraisal, preparation of contracts, real estate finance, real estate mathematics and prorations, tax consequences of real estate transactions, and land descriptions, real estate law, including an understanding of ownership rights, ownership limitations, transfer of rights, proof of ownership, law of agency and the duties and responsibilities of an agent, contract law and the ability to explain the parts of approved contract forms, statutory and case law controls on the agent, and legal and ethical real estate practice, so that the student will have the basic skills required for a successful practice in real estate and know his rights and obligations regarding contractual and fiduciary duties owed to his clients.
Real Estate Broker Course I and II
To provide the Student with a review of real estate fundamentals and practice, including the importance of real estate, the functioning of the Real Estate Commission and complaints filed with the Commission, a review of real estate finance, a working knowledge of real estate appraisal, preparation of contracts, real estate finance, real estate mathematics and prorations and closing procedures, tax consequences of real estate transactions, and land descriptions, real estate law, including an understanding of ownership rights, ownership limitations, transfer of rights, proof of ownership, law of agency and the duties and responsibilities of an agent, contract law and the ability to explain the parts of approved contract forms, statutory and case law controls on the agent, and legal and ethical real estate practice, so that the student will have the skills required for a successful practice in operating a real estate office including the employment and supervision of licensees hired by the broker, as well as the brokers rights and obligations regarding contractual and fiduciary duties owed to his clients. Credit Hours: Broker I is 60 hours and Broker Course II is 24 hours for a total of 84 hours.
INSTITUTE POLICIES
ABSENCES - Absences will not be excused by the Institute. For the student to earn his Certificate of Completion, he must make up any missed classes.
CLASS CUTS - Any class cuts by a student will be treated as unexcused absences.
LEAVE OF ABSENCE - Any leave of absence must be approved by the Institute. For the student to earn his Certificate of Completion, he must make up any missed classes.
STUDENT PROGRESS - Student progress is measured in terms of attendance and grades on written tests.
ATTENDANCE POLICY - Attendance of all class hours is required. A student who misses any class session will be dismissed from the course unless the session is made up. Any instructor may arrange for a student to make up a missed session through attendance at a like session. A dismissed student may re-enter the next scheduled course at no additional charge or receive a refund in accordance with the
Institute's Refund Policy.
TARDINESS - Students should plan to arrive at least ten minutes prior to each session of class. Any student who is late to a session by ten minutes or more will receive one hour less attendance toward total hours of the course.
MEASUREMENT AND EVALUATION - Student progress is based on graded written tests given throughout each course. The overall grade for a course is the average of all test grades achieved during the course. Grades are recorded by instructors in the student's permanent records, and each student receives notification shortly after each test is administered. A student who maintains less than a 65% average on written tests may be dismissed from the course at the discretion of the Institute. A dismissed student may re-enter the next scheduled course at no additional charge or receive a refund in accordance with the Institute's Refund Policy.
GRADING SYSTEM
Excellent 90% - 100% (A)
Very Good 80% - 89% (B)
Satisfactory 75% - 79% (C)
Unsatisfactory 74% and Below (Failing)
PROBATION POLICY - The Institute has no probation policy in view of the brevity of its courses.
STUDENT CONDUCT - Students who are not serious about obtaining high quality real estate education should not enroll in the Institute. Students who do not conduct themselves as adults or disrupt classes in any way may be dismissed from class and will only be readmitted after review of the situation by the Institute. Students not readmitted will receive a refund in accordance with the Institute's Refund Policy.
PERMANENT RECORDS - Permanent records will be kept by the Institute of all contracts, attendance, progress and test grades relating to the individual student.
TESTING - Our method of instruction is a process of continual testing, correcting and discussion (TCD). Tests are given each class session. This method is very successful because it concentrates on what the student does not know rather than on what the student already knows. The TCD method saves time and allows more material to be covered during class.
CREDIT FOR PREVIOUS EDUCATION - The Institute will review and evaluate previous real estate education of the student and , if such education meets or exceeds the educational requirements of the state law, the Institute will give credit for such education toward the Institute's Certificate of Completion.
HOLIDAYS - Holidays observed during the year are Independence Day, Christmas, Thanksgiving, Labor Day, Memorial Day and New Year's Day. If a class falls on one of these holidays, the class will be rescheduled.
PLACEMENT ASSISTANCE - Many students request placement assistance and, although placement is not guaranteed, the Institute has most often been successful in helping students find employment. In this endeavor, the Institute maintains a file of letters from brokers seeking salespersons.
INSTITUTE CERTIFICATE OF COMPLETION
Upon successful completion of one of the Institute's Programs, the student will receive the Institute's Certificate of Completion required by the Real Estate Commission for licensing. Course I and II certificates expire 1 year after the date of issuance.