OPINIONby Peter Mericka B.A., LL.BReal Estate LawyerQualified Practising Conveyancer VictoriaDirector Lawyers Real Estate Pty Ltd Professional indemnity insurance for licensed conveyancers is a high-risk problem. The licensing of conveyancers under the Victorian Conveyancers Act 2006 was expected to safeguard consumers by requiring all licensed conveyancers to have professional indemnity insurance cover. However, the requirement for professional indemnity insurance has had the reverse effect in that more consumers are now exposed to greater risk than...
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