Property Transactions 101
Issues covered include: conveyancing, eConveyancing, PEXA, ATO, Strata Titles Act, warranties, ARNECC, property sale, rescission notices
Description
Explore key issues in property transactions including special conditions, off-the-plan contracts, tax, strata, warranties & more. Perfect your eConveyancing skills. Master how to deal with defaults, rescission, notices, caveats & injunctions when a sale goes wrong. Cost effective efficiency during COVID-19 and beyond is more essential than ever for law practices & conveyancers, so ensure you’re equipped with everything needed to navigate property transactions effectively in today’s tumultuous market.
Attend and earn 2 CPD points including:
1 CPD point in Competency Area 2: Professional Skills
1 CPD point in Competency Area 3: Ethics & Professional Responsibility
This program is based on WA legislation
Chair: Shane Nelson, Deputy Commissioner of Titles, Commissioner of Titles Office, Landgate
2.00pm to 2.45pm: How to Navigate Key Legal Issues in Conveyancing
- Special conditions
- Building inspection reports
- Unapproved structures
- Final inspection reports
- Off-the-plan contracts
- Tax 101: a quick primer on GST & obligations to the ATO
- Default and termination
- Introduction to the amended Strata Titles Act
- Warranties: purchaser and vendor rights and obligations
- Checklist of tips to reduce problems
Presented by Jolene Ashworth, Principal Solicitor, Philipoff Legal
2.50pm to 3.35pm: PEXA & eConveyancing: The Latest Updates & Best Practices
- Lessons from the first few years of digital settlements
- The latest updates
- A new PEXA release backed by a Landgate directive allowing additional documents
- Update to the Model Participation Rules as set by ARNECC
- Where are practitioners getting stuck?
- A guide to avoiding or resolving problems being faced by practitioners
- Considerations when settling online
- Resources and support available to you
Presented by Angella Chick, Executive Manager, Practitioner Services WA, PEXA
Competency Area 3: Ethics & Professional Responsibility
3.40pm to 4.40pm: Dealing with a Client in a Property Transaction in Today's Market
- Understanding your client’s commercial needs
- Dealing with unethical behaviour and heavy handed dealings
- Controlling fees: scope and value for money
- Notifying the other party when you see an error
- Ethical considerations when selling property to foreign investors
Presented by Darryl Stewart, Director, Esteem Legal