An applicant for a home inspector license shall:
(1) have completed a minimum of 72 hours of an on–site training course approved by a national home inspection organization and the Commission that at a minimum requires successful completion of the National Home Inspector Examination or its equivalent as determined by the Commission;
(2) have a high school diploma or its equivalent;
(3) have insurance as required under § 16–4A–04 of this title;
(4) submit to the Commission an application on the form that the Commission provides; and
(5) pay to the Commission an application fee set by the Commission.