What authority does the South Carolina Real Estate Commission have?

The South Carolina Real Estate Commission has the authority to fine, suspend, and revoke licenses as part of its regulatory responsibilities in overseeing the real estate industry. This power is essential for ensuring compliance with state laws and regulations governing real estate practices. By enforcing penalties and taking disciplinary actions against licensees who violate these laws, the Commission helps maintain professional standards and protects consumers in the real estate market. This regulatory oversight is crucial in safeguarding the integrity of real estate transactions and maintaining trust between professionals and the public.

In contrast, while conducting market analysis, approving new real estate schools, and issuing property titles are important functions in the real estate sector, these tasks fall outside the specific authority granted to the Commission. The Commission primarily focuses on the regulation of real estate licenses and the conduct of real estate professionals, rather than engaging in market research, educational approval, or title issuance.