South Carolina License Law
What is the 'Real Estate Recovery Fund' limit for payment to a single transaction in South Carolina?
A$5,000
B$15,000 per transaction✓ Correct
C$50,000 total for all claims against one licensee
DUnlimited
Explanation
The SC Real Estate Recovery Fund has statutory limits on payments per transaction and per licensee. Specific amounts are set by statute and may change; recent limits have been $15,000 per transaction.
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