Final answer:
A real estate salesperson must conduct business in the name of their broker, who has the ownership and managerial responsibilities over the brokerage firm.
Step-by-step explanation:
A real estate salesperson can perform virtually all of the business functions of brokerage, but must do so in the name of their broker. This means that although they may handle sales, work on clerical or office tasks, assist with installation and repair, and even be involved in property management or construction or mining related to real estate, they operate under the guidance and branding of the broker they are associated with.
This strictures is designed to maintain accountability and professionalism within the field of real estate sales. It is important to note that, in contrast to a broker, a real estate salesperson does not manage or own the brokerage firm but operates as an agent of the broker.