The Commission shall reinstate the license of a real estate appraiser trainee who fails to renew the license if the real estate appraiser trainee: applies to the Commission for reinstatement within 3 years after the license expires; provides adequate evidence of compliance with the continuing education requirements under § 16–5A–04 of this subtitle for license renewal; if required by the Commission, states the reasons why reinstatement should be granted; and pays to the Commission a reinstatement fee set by the Commission.