What definition applies to a person issued a license by the commission?

The term "licensee" is the correct definition for a person issued a license by the commission. In the context of real estate, a licensee is someone who has fulfilled the necessary educational and professional requirements and has received official certification from the licensing authority to engage in the practice of real estate. This designation indicates that the individual is authorized to perform specific functions in real estate transactions, such as facilitating sales, listings, or rentals.

In Wyoming, as well as other jurisdictions, the distinction of a licensee is crucial because it signifies compliance with regulatory standards and a commitment to ethical practices within the real estate industry. This status often comes with various responsibilities, including adherence to state laws and regulations governing real estate activities.

The other terms listed do not accurately reflect the concept of a licensed individual in this context. A broker typically refers to a more advanced level of licensure, often someone who can operate independently or manage a real estate firm. A registrant may refer to someone who has registered for a certain process or received a lower level of certification, but without full licensing. An owner generally refers to someone who holds title to property, which does not specifically relate to the issuance of a real estate license. Therefore, "licensee" is the most appropriate term