Wyoming Business Broker & M&A Advisor License Requirements
Becoming a licensed business broker or M&A advisor in Wyoming requires meeting specific education, exam, and experience standards. This guide covers every requirement, fee, and regulatory pathway for Wyoming as of 2025–2026.
License Type Required in Wyoming Real estate broker license required. Wyoming business brokers operate under the Real Estate Broker License, regulated by the Wyoming Real Estate Commission.
Education Requirements
Pre-license (salesperson): 54 hours of approved coursework
Experience Required 2 years as licensed salesperson/broker.
Exam & Licensing Fees
Exam: PSI national + Wyoming state exam
Application fee: $200
License fee: $150
Exam note: Pure business-asset-only sales (no real property) may not require WY real estate license
Continuing Education 18 hours per 2 years required to maintain active Wyoming broker license. Include mandatory ethics and law topics.
M&A Advisor Requirements in Wyoming Wyoming has no state income tax and a favorable business environment. Pure business-asset transactions not involving real property may fall outside Wyoming real estate licensing requirements. However, most professional business brokers maintain the license for full coverage. Wyoming Secretary of State's Securities Division oversees M&A securities. Wyoming also has favorable LLC laws used in M&A structuring.
Industry Certifications (Optional but Career-Critical)
CBI (Certified Business Intermediary) — International Business Brokers Association (IBBA)
M&AMI (M&A Master Intermediary) — IBBA, for deals $5M+
CMAP (Certified M&A Professional) — AM&AA
Series 79 (Investment Banking Representative) — FINRA, for larger M&A advisory
Series 82 (Private Securities Offerings Representative) — FINRA
How to Get Started as a Business Broker in Wyoming 1. Complete 54 hrs pre-license coursework 2. Pass the PSI national + Wyoming state exam 3. Obtain your Wyoming salesperson/associate license 4. Work under a licensed broker for 2 years as licensed salesperson/broker 5. Complete 50 hrs broker pre-license coursework and pass the broker exam 6. Pursue CBI certification via IBBA to establish market credibility