An application may be denied for any one of the following reasons:
(1) The applicant has written insufficient funds checks within the calendar year before application or has written an insufficient funds check for the application;
(2) The applicant has been convicted of a felony or of a misdemeanor involving moral turpitude. If the applicant is a firm, a license may be denied if any partner, associate, director, stockholder, officer, or responsible broker has been convicted of a felony or of a misdemeanor involving moral turpitude;
(3) The applicant has been disciplined by a regulatory agency in relation to activities as a real estate salesperson or broker, broker associate, firm, appraiser, mortgage broker, auctioneer, or any other regulated licensee, including insurance, securities, law, and commodities trading;
(4) The applicant has failed to satisfy the requirements as provided by this chapter;
(5) The applicant has failed the prelicense school examination;
(6) The applicant has not met education requirements;
(7) The applicant made deliberate misstatements, deliberate omissions, misrepresentations, or untruths in the application; or
(8) The applicant has a current and unpaid judgment filed against the applicant.