Which of the following roles may have limitations on operations compared to a regular Mortgage Broker?

The role of a Restricted Mortgage Broker typically encompasses certain limitations that a regular Mortgage Broker does not face. A Restricted Mortgage Broker functions within a more narrowly defined scope of activities and may be bound by certain conditions laid out by regulatory bodies or their employing financial institution. This could include restrictions on the types of mortgages they can offer, the lenders they can work with, or the extent to which they can provide specific financial advice to clients.

In contrast, other roles such as Licensed Mortgage Specialists and Registered Mortgage Agents generally have broader operational capabilities and fewer restrictions concerning the types of mortgage products they can handle. A Mortgage Manager also tends to operate at a higher level within the mortgage industry, overseeing operations, rather than being restricted in the same manner. Therefore, the characteristics of the Restricted Mortgage Broker role directly explain why it has limitations in comparison to a regular Mortgage Broker.