
Notice of Opening a Trust Account Conveyancers Consumer Affairs Consumer Vic Gov Form
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People also ask
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Can a conveyancer act for both parties in Victoria?
This is the basic rule: A solicitor/conveyancer may act for both parties, BUT once a conflict arises between the duties owed to those clients, the solicitor may continue to act for ONLY ONE of the clients and ONLY IF the duty of confidentiality to the other client is not at risk AND the parties have given their ...
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Who regulates trust accounts in Victoria?
In Victoria, law practice trust accounts are regulated by the Victorian Legal Services Board. Estate agent and conveyancer trust accounts are regulated by Consumer Affairs Victoria.
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Who regulates conveyancers in Victoria?
The Legal Services Board (LSB) regulates lawyers, while Consumer Affairs Victoria regulates conveyancers.
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What does a conveyancer do in Victoria?
What do conveyancers handle? Your conveyancer will handle all the paperwork to do with transfer of ownership for your property, even if you're buying a property with someone else (buying as 'joint tenants' or 'tenants in common'), or if you are purchasing property with a Self-Managed Superannuation Fund.
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How much should a conveyancer cost in Victoria?
In Melbourne and regional Victoria, starting prices for conveyancing fees are typically between $900 and $1,500 plus GST. The variation in fees largely depends on the type of property, such as residential units, commercial property, or non-titled land.
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Is a conveyancer an Australian legal practitioner?
A conveyancer is a person or company, other than an Australian legal practitioner, who carries on a conveyancing business for a fee or reward.
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