South Carolina License Law
In South Carolina, the Real Estate Recovery Fund provides compensation to:
ALicensees who do not collect their earned commissions
BMembers of the public who suffer monetary damages due to a licensee's wrongful acts and cannot collect from the licensee✓ Correct
CBrokers whose clients default on purchases
DAny person harmed in a real estate transaction
Explanation
The SC Real Estate Recovery Fund compensates members of the public who suffer monetary damages from a licensee's fraudulent, willful, or negligent conduct and are unable to collect from the licensee. There are limits on the amount recoverable per transaction.
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