The Rent Administrator shall:
(1) Be admitted to practice before the District of Columbia Court of Appeals by the time the Rent Administrator’s term of office commences;
(2) Be a resident of the District within 6 months of the commencement of the Rent Administrator’s term of office;
(3) Possess skills and expertise relevant to rental housing, preferably in the area of rent control or rent stabilization; and
(4) Receive annual compensation equivalent to that received by a District employee compensated at the grade of 15 of the District schedule established under subchapter XI of Chapter 6 of Title 1 [§ 1-611.01 et seq.].