To be eligible for a license to practice hearing aid dispensing, a person must:
(1) Submit an application on a form prescribed by the board;
(2) Submit an application fee, in an amount established by the board in rule promulgated pursuant to chapter 1-26, but not exceeding three hundred fifty dollars;
(3) Be eighteen years of age or older;
(4) Be a high school graduate or the equivalent;
(5) Pass a national examination approved by the board;
(6) Pass a practicum examination approved by the board; and
(7) Have not committed an act for which disciplinary action may be justified.