(a) The board may waive any prerequisite to obtaining a certificate of registration under this subtitle for an applicant who holds a license or certificate of registration issued by another jurisdiction:
(1) that has licensing or registration requirements substantially equivalent to those of this state; or
(2) with which this state has a reciprocity agreement.
(b) The board may make an agreement, subject to the approval of the governor, with another state to allow for licensing by reciprocity.
(c) An applicant under this section must:
(1) apply in the same manner and form as any other applicant under this subtitle, except that the application must be accompanied by a fee in an amount set by the board as reasonable and necessary to cover the cost of processing and investigating the application and issuing the certificate of registration; and
(2) provide the board with documents and other evidence that substantiates the applicant's qualifications.