Which legislation governs the licensing and operations of mortgage professionals in Manitoba?

The legislation that specifically governs the licensing and operations of mortgage professionals in Manitoba is the Mortgage Brokers Act. This act regulates the conduct of mortgage brokers and their operations, ensuring that they meet the necessary standards and qualifications to operate in the industry. It provides guidelines for licensing requirements, practices, and the responsibilities of mortgage professionals, which helps maintain a level of professionalism and protects consumers in financial transactions involving mortgages.

In the context of the other options, while the Real Estate Licensing Act does address regulations for real estate professionals, it is not specifically tailored to mortgage brokers. The Consumer Protection Act covers broader aspects of consumer rights and protections but does not specifically govern the mortgage industry. Similarly, the Financial Services Act pertains to a range of financial services and institutions but does not focus solely on the licensing and operations of mortgage professionals as the Mortgage Brokers Act does. Therefore, the Mortgage Brokers Act is the most relevant and specific legislation for those in the mortgage profession in Manitoba.