(a) An applicant for a broker's license shall:
(1) Have served an apprenticeship as a licensed salesperson for two years or shall produce evidence satisfactory to the commission, in its sole discretion, of real estate experience equivalent to two years full-time experience as a licensed salesperson;
(2) Submit satisfactory evidence of having completed the required education course as provided for in section fourteen of this article;
(3) Successfully pass the examination or examinations provided by the commission.
(b) No broker's license shall be issued in the name of a corporation, association or partnership except through one of its members or officers.
(c) No broker's license shall be issued in the name of a corporation, association or partnership unless each member or officer, who will engage in the real estate business, obtains a license as a real estate salesperson or associate broker.