• Project 2 - Professional practice guidelines for NSW real estate agents. f. Nominating licensing and eligibility requirements including education requirements, to work in real estate i. What are the eligibility requirements required to be met in order to be issued with:- o Certificate of Registration - Assistant Agent o Real Estate licence Class 1 o Real Estate Licence Class 2 ii. What are the education requirements for each class of licence or certificate iii. Explain what you understand is meant by the term "licence lending". What legislation covers it (name of Act and Section) and what is the penalty? iv. What is unlicensed trading? In your answer refer to the Property and Stock Agents Act and what is the penalty for breaching this section?