South Carolina License Law
The South Carolina Real Estate Commission has the authority to:
ASet real estate commission rates statewide
BEstablish minimum sale prices for residential property
CSuspend or revoke real estate licenses for violations✓ Correct
DRegulate mortgage lending practices
Explanation
SCREC has the authority to investigate complaints and impose disciplinary actions including license suspension, revocation, fines, and required education. SCREC does not set commission rates, which are negotiable.
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