(a) To qualify for a license as a home inspector, an applicant must be an individual who meets the requirements of this section.

(b) Prior to July 1, 2002, an applicant for a home inspector license shall:

(1) meet two of the following conditions:

(i) have completed a minimum of 48 hours of an on-site training course approved by a national home inspection organization or the Commission;

(ii) have completed a minimum of 2 years of relevant work experience, as determined by the Commission, immediately preceding the submission of an application;

(iii) have completed at least 100 home inspections for compensation; or

(iv) submit proof of full membership in or certification by one of the following national home inspection organizations:

1. American Society of Home Inspectors; or

2. National Association of Home Inspectors;

(2) have a high school diploma or its equivalent;

(3) have general liability insurance in an amount not less than $50,000;

(4) submit to the Commission an application on the form that the Commission provides; and

(5) pay to the Commission an application fee of $50.