A licensed real estate salesperson, licensed real estate broker, or licensed associate real estate broker may provide real estate brokerage services under a designated name that has been approved by the Commission. Subject to the approval of the Commission, a licensed real estate salesperson, licensed real estate broker, or licensed associate real estate broker may add a designated name on a license certificate and pocket card if the licensee submits to the Commission: an application on the form that the Commission provides; the license certificate and pocket card of the licensee; any documentation about the designated name that the Commission requires; and a fee of $5. The full legal name of the licensee and the approved designated name shall be displayed on the new license certificate and pocket card.