What is the purpose of the Real Estate Compensation Corporation according to the material?

• A. If a licensee's conduct causes a loss, the council will refer to a refund
• B. It enforces licensing rules
• C. It handles property tax appeals
• D. It sets brokerage commissions

Answer: (D)

The main idea here is understanding what the Real Estate Compensation Corporation is described as doing. In the material, its role is to establish or set brokerage commissions, providing a framework for how brokers are compensated. This creates a standard approach to fees and helps protect the public by making compensation expectations clear. It’s not about enforcing licensing rules—that’s handled by the regulatory council—nor about handling property tax appeals. It also isn’t described as the body that handles refunds due to licensee conduct. So, the description that it sets brokerage commissions best matches the material’s stated purpose.