(1) An applicant for a property management license must:

(a) submit a completed original application on forms approved by the board and pay the required fees;

(b) provide the account number and bank name where the property management trust account is held; and

(c) provide a recent 2" x 2" photo of himself or herself.

(2) Real estate brokers wishing to obtain a property management license must complete the property management prelicensing course, make application and pay the required fee.

(3) Real estate salespersons wishing to obtain a property management license must meet all existing licensing requirements, including completion of the prelicensing course, examination, make application and pay the required fee.

(4) All applicants successfully completing the examination must apply for licensure within 12 months from the date of examination. Failure to make application within that time shall invalidate examination results.

(5) A property management applicant must have completed the property management prelicensing course within the 24-month period immediately preceding the date of application.