I. The office shall issue a salesperson's license to any applicant who:
(a) Has attained the age of 18;
(b) Has successfully completed an examination administered or approved by the commission which demonstrates satisfactory knowledge and understanding of the principles of real estate practice. The executive director shall only accept for licensure, an applicant who shows proof of completion of 40 hours of approved study which shall have been completed prior to the date of the applicant's examination;
(c) Demonstrates no record of unprofessional conduct;
(d) Furnishes any evidence required by the commission relative to good reputation for honesty, trustworthiness, and integrity; and
(e) Complies with the criminal records check under RSA 331-A:10-a.