Under what circumstances can an applicant be compensated for their actual and direct losses in a transaction, as per the outlined statutory limits?
a) If the applicant's transaction results in a profit exceeding $50,000.
b) If the applicant's transaction results in a loss exceeding $50,000.
c) If the applicant's transaction results in a loss, up to a statutory maximum of $50,000 per transaction.
d) If the applicant's transaction results in a loss, up to a total aggregate maximum of $250,000 per licensee.