An applicant for registration as a home inspector shall file a written application provided by the commission showing that the applicant meets the following requirements:
(1) Good moral character;
(2) Successful completion of high school or high school equivalency;
(3) Successful completion of an approved course of study of not less than forty hours, as prescribed by the commission in rules promulgated pursuant to chapter 1-26; and
(4) Successful completion of a registration examination approved by the commission.