The Commission shall reinstate the license of a real estate appraiser trainee who fails to renew the license if the real estate appraiser trainee:
(1) applies to the Commission for reinstatement within 3 years after the license expires;
(2) provides adequate evidence of compliance with the continuing education requirements under § 16–5A–04 of this subtitle for license renewal;
(3) if required by the Commission, states the reasons why reinstatement should be granted; and
(4) pays to the Commission a reinstatement fee set by the Commission.