Focus Settlements are Electronic Conveyancing or PEXA Ready!
The settlement industry now has access to the general availability of Electronic Conveyancing.
Focus Settlements are proud to be an early adopter of the technology, and can confirm that we are ready and able to provide settlements using the Electronic Conveyancing framework.
What does this mean to you, our clients?
- For Vendors, funds after settlement will generally be available as cleared funds in your account generally within minutes, rather than days under the old cheque based system.
- For Purchasers, the Certificate of Title information held by Landgate will be updated in a much faster time frame, meaning that you have your name on the Title even quicker, increasing your security over the land.
- Efficiency gains – All parties to the dealing have increased transparency and simplified communications, leading to a more efficient, smoother settlement.
- And more!
Originally published January 2017
An important notice from the Australian Institute of Conveyancers – WA Branch
The following information has been published by the Australian Institute of Conveyancers – WA Branch. It makes for very relevant reading when considering the importance of your upcoming settlement. When property is one of the most expensive times of your life, it pays to take a critical look at all factors of the settlement process. As always, Focus Settlements, as your independent Settlement Agent with broad settlement coverage throughout Perth and the greater Western Australia, together with our highly trained, experienced staff, are here to help you with your upcoming settlement.
The Importance of choosing a Settlement Agent
Conveyancing is a complex and time consuming business with many traps for the unwary. Choose your Settlement Agent as you would choose your Accountant, Doctor, Banker, Surgeon or any other professional that you require to look after YOUR INDIVIDUAL NEEDS. SETTLEMENT AGENTS ARE EXPERTS IN THEIR FIELD.
A Settlement Agent is a trained and qualified professional who holds a licence under the Settlement Agents Act 1981 and is engaged to facilitate the transfer of legal ownership. This process is known as conveyancing.
In order to carry on business as a Settlement Agent in Western Australia there is a requirement to be licensed and hold a current triennial certificate granted by Consumer Protection. The licensing system administered ensures only suitably qualified people are allowed to operate in the settlement industry.
To be granted a licence, there is a requirement to have met certain qualifications, experience, sufficient material and financial resources and be a person of good character and repute. The licensing framework also includes holding professional indemnity insurance and participate in continuing (annual) Compulsory Professional Development Program.
The CPD program is designed to increase the knowledge, skills and professionalism within the settlement industry and ensures that Settlement Agents are operating in line with the most up to date information and practices. The aim of the program is to increase Consumer Protection and promote consumer confidence in the settlement industry.
You have a choice in the delivery of conveyancing services and there are benefits to be reaped by choosing a specialist.
We welcome you to contact us for further discussion regarding your needs.
Originally published January 2017