A restricted license for a real estate agent might require them to?

A restricted license for a real estate agent is typically issued under specific conditions that limit the agent's practice in some way. One common restriction is requiring the individual to work only for a designated broker. This means that the agent is not permitted to operate independently or represent other brokers, thus ensuring that their activities are closely monitored and aligned with the practices and policies of the specified brokerage.

The other options suggest types of limitations that might not necessarily be applied through a restricted license. For example, while working during certain hours, selling luxury properties, or working exclusively with first-time buyers may be preferences or conditions set by brokers, they do not reflect the standard nature of licensing restrictions imposed by regulatory authorities. A restricted license primarily focuses on the relationship between the agent and their broker, ensuring compliance and oversight during the agent's early career or transitional period.