Conveyancing is a great career choice if you like interacting with other people on a daily basis. However, it requires a great deal of devotion, knowledge, strategic thinking and attention to detail as well in order to become successful. Conveyancing usually involves a minimum of two years practical training at a conveyancing firm and at least three years of training at a selected college in order to take the Council of Licensed conveyancer examinations. Once you become a licensed conveyancer, the following are the typical roles you will require to fill when it comes to real estate deals:
Research and information
The conveyancer should be a reliable source of information for the property buyer or seller in any land or real estate deal. Therefore, you will spend much of your time doing research into the property, land title issues and gathering all the necessary knowledge for a smooth transaction. You need to be in constant communication with your client and the other party’s solicitor during this transaction in person, phone or email. As a conveyancer, you should always keep your clients’ best interest at heart, therefore this research is supposed to help you find ways to make the deal more favorable to your client.
Obtaining legal documents
There are many legal documents involved in the property transfer process. As a conveyancer, you have a duty to ensure that all the documents are in place and prepared including stamping and signing by the relevant authorities. The documents include mortgages, leases, agreement contracts and land registry documents among others. You can find document management software online to help you organize the paperwork you need for your transactions.
The conveyancer deals with all the financial aspects of the transaction. This includes making all the necessary payments for searches into the property background, paying for Stamp duty and land taxes and well as client registration at the land registry. Conveyancers invoice the clients for all the payments made separately from the fee charged for the conveyancing services.
Taking instructions and giving advice
The conveyancer acts on behalf of the client but not without instruction. If the client is green on what to do during this transaction, the conveyancer can offer advice and make the relevant decisions upon agreement with the client. Many land buyers and sellers often have no clue to what they need to do in order to transfer the property ownership and therefore the advice of a professional is very crucial to making the right decisions.
Protecting the client against fraud and money laundering
This is where the ability to have great attention to detail comes in. There are many fraudsters and money laundering operations occurring in real estate today. Therefore, the conveyancer should be very keen when reviewing documents received from the buyer or seller on behalf of their clients. The devil is always in the details and an unknowing eye may not see the problem until it is too late. Through the pre-contract searches, the conveyancer can also check whether the property is a good buy if it is not susceptible to flooding, liability for unsound structures, local authority proposals, mortgages and land taxes.