The Unit shall register and issue a registration certificate to an applicant for a home builder sales representative registration certificate that: meets the requirements of this title; and pays to the Division an initial nonrefundable 2–year registration fee of $300. A Unit shall include on each registration certificate that the Unit issues: that this is a registration certificate for a registered sales representative; the full name of the certificate holder; the certificate holder’s employer’s registration number or the name of the licensed or registered Montgomery County home builder; and the certificate holder’s registration number. A registration certificate issued under this title may not be transferred, assigned, or pledged. A valid registration certificate authorizes the certificate holder to act as a home builder sales representative in the State. The Unit may issue a registration certificate to replace a lost, destroyed, or mutilated registration certificate if the certificate holder pays the registration certificate replacement fee set by the Unit.