A person holding a limited broker license may only engage in which of the following?

A person holding a limited broker license is restricted in the scope of their real estate activities. This type of license specifically allows an individual to engage in transactions as the principal, meaning they can buy or sell property using their own name and resources, but they are not authorized to act on behalf of others in real estate transactions.

In contrast, the other options imply a broader range of activities or specific types of transactions that may not align with the limitations set by a limited broker license. For instance, engaging in residential mortgage transactions or commercial transactions suggests acting in roles beyond personal dealings, which is not permitted for someone with this specific license. Additionally, the assertion that a limited broker license allows for all types of real estate transactions clearly misrepresents the limitations of the license.

Therefore, the correct understanding is that a person with a limited broker license can only engage in transactions as principal, emphasizing their role as an individual involved directly in the buying or selling process without representing others.