Estate Agents Declared To Be Conveyancers!
by Peter Mericka B.A., LL.B
Real Estate Lawyer
Qualified Practising Conveyancer Victoria
Director Lawyers Real Estate Pty Ltd
At 3 p.m. on Wednesday 9 May, 2007 every real estate agent and estate agent representative in the State of Victoria was declared to be a conveyancer, free to conduct conveyancing transactions throughout the State.
No longer will estate agents have to wait for conveyancers to prepare Section 32 Vendor Statements, Auction Contracts, or other legal documents associated with the sale or purchase of real estate, as estate agents can now attend to these tasks themselves as part of the real estate services they offer to their clients.
The estate agent/conveyancer no longer needs to rely on Section 53A of the Estate Agents Act 1980 either. This is because, as a conveyancer, the estate agent will not be bothered by regulators if he or she creates contracts, drafts terms and conditions and advises clients about the nature and effect of the documents produced.
Who made this declaration, and on what basis was it made?
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