South Carolina License Law
What is the purpose of the South Carolina Real Estate Commission's Recovery Fund?
ATo pay for SCREC administrative costs
BTo compensate victims of licensee fraud or misrepresentation✓ Correct
CTo fund real estate education programs
DTo provide loans to new real estate agents
Explanation
The SCREC Recovery Fund provides a source of compensation for consumers who have suffered financial harm due to the fraudulent or dishonest conduct of a licensed real estate agent.
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