Section 551. Qualifications for license.
Each applicant for a builder-owner salesperson's license, shall as a condition precedent to obtaining a license, take the standard real estate salesperson's license examination and score a passing grade. Prior to taking the examination:
(1) The applicant shall be 18 years of age.
(2) The applicant shall be employed by a builder-owner possessing those qualifications as contained in section 501.