An applicant for licensure as a real estate broker shall establish to the satisfaction of the Board of Real Estate that the applicant:
(1) Meets all of the requirements for real estate salesperson under part N of this subchapter; and
(2) Has been licensed and actively engaged in business as a real estate broker or salesperson in the District or elsewhere the 2 years immediately preceding the date on which the application for a real estate broker license is filed, or equivalent experience acceptable to the Board.