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Its been confirmed as when you hit 30 or finish chapter 1 that you can become a jedi master or a sith lord.
Now I've read that you need to be full lightside in order to get the jedi master title but no one on the forums ever says if you get anything else if you dont meet the requirements for jedi master. The posts that did have been deleted since they are old.
It's quite simple really. They're jerks... with a heart.
A list of all the titles and how to get them : http://db.darthhater.com/codex/achievement_titles/#achievements:0-1
It says nothing about Dark or Light being used.... Level being 40/50 depending on the story I guess. 50 Being the ending of the jedi and 40 be saving some dudes in some rift... Could be a Light Side choice.