Which of the following must be done when receiving an auction license?

Familiarizing oneself with local laws is essential when receiving an auction license. This step ensures that the auctioneer understands the legal regulations and requirements governing auction practices in their jurisdiction. Each state may have different rules regarding licensing, auction processes, consumer protection, and business operations. By being knowledgeable about these regulations, an auctioneer can operate within the law, maintain professional standards, and avoid legal issues that may arise from ignorance or non-compliance.

The other choices, while potentially beneficial to an auctioneer's career or business, do not carry the same fundamental necessity. Starting to auction immediately without understanding local laws can lead to significant legal complications. Advertising license status could be a good marketing strategy but is not a mandatory step tied directly to obtaining the license. Joining an auctioneer association can provide networking opportunities and additional resources, but it is ultimately a personal choice rather than a requirement for receiving an auction license.