To ensure that persons who have just finished a course or who are still studying a course approved under the repealed Property, Stock and Business Agents Act 1941 are not disadvantaged by changes to the qualification requirements, transitional arrangements for licence applicants have been put in place.
Persons wishing to meet the new qualification requirements for a real estate 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.

New South Wales Modules
17319A  Work in the Real Estate Sector
17319B  Prepare for work in property industry

PRD01 Units of Competency
PRDRE08A  Manage efficient financial systems
PRDRE09A  Implement and monitor financial management systems
PRDRE10A  Manage agency risk
PRDRE11A  Provide property appraisal
PRDRE13A  Obtain property listings
PRDRE14A  Market property
PRDRE15A  Undertake property sale by private treaty
PRDRE16A  Monitor sales process
PRDRE18A  Lease property
PRDRE19A  Provide property management services
PRDRE23A  Maintain agency:client relationship
PRDRE26A  Conduct property sale by auction
PRDRE28A  Maintain trust account
PRDRE35A  Communicate effectively and accurately with clients
BSXFM1511A Contribute to the development of a workplace learning environment