The Division, with the approval of the Commission, shall:
1. Adopt reasonable regulations defining what constitutes:
(a) A course of instruction in real estate principles, practices, procedures, law and ethics, which course of instruction must include the subjects upon which an applicant is examined in determining his or her fitness to receive an original real estate salesperson’s license.
(b) A school offering such a course.
2. Adopt regulations providing for the establishment and maintenance of a uniform and reasonable standard of instruction to be observed in and by such schools.