To ensure that persons who have just finished a course or who are still studying a course approved under the repealed Property, Stock and Business Agents Act 1941 are not disadvantaged by the changes to the qualification requirements, transitional arrangements for licence applicants have been put in place.
Persons wishing to meet the new qualification requirements for an on site residential property manager’s licence must submit the following with the licence application:
A statement of attainment or qualification issued by a Registered Training Organisation demonstrating competency in the New South Wales modules and all the units of competency listed below from the Property Development and management training package (PRD01) – Real estate sector. The underpinning knowledge must be based on New South Wales law.
17319B Prepare for work in property industry
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PRDRE10A |
Manage agency risk |
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PRDRE18A |
Lease property |
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PRDRE19A |
Provide property management services |
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PRDRE23A |
Maintain agency:client relationship (in this case the standard is interpreted as covering the drawing up of the agency agreement) |
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PRDRE25A |
Respond to property enquiry |
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PRDRE28A |
Maintain trust account |
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PRDRE35A |
Communicate effectively and accurately with clients |
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BSAFIN301B |
Maintain daily financial records for accounting purposes |
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BSXFM1511A |
Contribute to the development of a workplace learning environment |