What must all real estate salespersons do before they can legally operate?

In order to legally operate as a real estate salesperson, it is essential to pass the state licensing examination. This examination is designed to test the knowledge and understanding of real estate laws, practices, and principles that are critical for effectively conducting real estate transactions. Without passing this examination, a salesperson cannot obtain the necessary license from the state, which is a legal requirement for practicing in the real estate market.

The other options presented are not requirements for all real estate salespersons. Becoming a licensed broker is a separate achievement that occurs after gaining experience and fulfilling different qualifications. Obtaining a business entity is not a universal requirement for salespersons, as many operate under the affiliation of a licensed broker. Additionally, while financial literacy is important in the field, it is not mandated that all salespersons complete a specific course in this area prior to obtaining their license. Therefore, passing the state licensing examination stands out as the critical first step in the journey to becoming a licensed real estate salesperson.