Subject to the provisions of this section, the Commission may waive any requirement of this subtitle for a particular license for an applicant who holds a comparable or equivalent license granted by another state. The Commission may grant a waiver under this section only if the applicant: pays the application fee required under § 17-307 of this subtitle for the license for which the applicant is applying; provides adequate evidence that the applicant meets the qualifications otherwise required by this subtitle for the license for which the applicant is applying; submits a certified copy of the applicant’s license from the other state that is comparable or equivalent to the license for which the applicant is applying; and if the applicant holds a license comparable or equivalent to a real estate broker license, provides adequate evidence that the applicant actively maintains an office in the other state.