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Conveyancer

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Note: Completion of a TAFE SA course does not guarantee an employment outcome. Formal requirements other than educational qualifications (eg licensing, professional registration), may apply to some occupations.

Job Prospects Above Average
Salary Range $18,000 to $60,000
Brief Buying or selling property must rate as one of life's more important financial decisions. It stands to reason, therefore, that these transactions be settled properly. Conveyancers prepare the documentation required for the purchase and sale of real estate

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TAFE SA courses that may be relevant for: Conveyancer

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Introduction

Conveyancers have the expertise required to handle the transfer of ownership of real estate. They undertake a variety of procedures including document searches at government offices, the preparation of land title documents, liaising with representatives from financial institutions and the preparation of financial statements to effect settlement of a property. Settlement is the exchange of money for a certificate of title (or deed) clear of any encumbrances. Conveyancers take the contract of sale between the buyer and seller effecting the paperwork required to be lodged to evidence the change of ownership of the property.

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Education Requirements

The first step in becoming a conveyancer usually requires the completion of an accredited course in conveyancing. The Certificate IV in Conveyancing and the Advanced Diploma in Financial Services (Conveyancing) are available through TAFE SA. For further information about courses please check the TAFE SA website. Still unsure? Contact the TAFE SA Information line on 1800 882 661 to enquire about availability of related short courses.

The University of South Australia offers a Bachelor of Business (Property) degree.

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Career Path

Employment is generally a cyclical one and moves with real estate activity. Conveyancers in South Australia are employed by banks, finance companies, solicitors, building societies, other conveyancers and government departments

Conveyancers may be licensed as conveyancers and land agents, but cannot operate as both at the same time. Legislation allows for persons qualified as conveyancers in one state or territory to practise in others.

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Industries

Finance and Insurance,  Government Administration and Defence,  Property and Business Services

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Nature of the Job

Conveyancers acting for the vendor arrange for the removal of any encumbrances (mortgage repayments) on a title, draw up a statement for the purchaser outlining the rates and taxes due on a property, and liaise with purchasers about the transfer of a property.

Conveyancers acting for the purchasers attend to the preparation of title office documents, and initiate searches among relevant departments such as councils, the Water Corporation and the Land Tax department to ensure that all rates and taxes are paid in full at the time of settlement. They also instruct mortgagees about the transfer of property and liaise with the vendor's conveyancer regarding payment requirements. Once all parties to a transaction are ready, the purchaser's conveyancer arranges a time and place for settlement of the property. This usually occurs at the purchaser's financial institution.

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Typical Physical Working Environment

Given the wide range of tasks undertaken by conveyancers and the rigid deadlines imposed on them, as well as the ongoing changes that occur in the occupation makes the occupation a fairly pressurised one. Conveyancers often work in a demanding and competitive environment and it's essential for intending conveyancers if they're able to cope with pressure. They also must have excellent communication and comprehension skills necessary for digesting vast amounts of information and for dealing with a wide range of clients that a conveyancer comes into contact with.

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Typical Occupational Example

'Meeting a myriad of people, the clients, and dealing with their different needs and requirements is one of the aspects of my work that I particularly enjoy. A first-time buyer has to be treated differently to someone who has bought many times before,' says Wayne Reynolds. Koo has reasons of her own that help illustrate why she enjoys what she does. 'In December last year, I managed to save two of my clients a significant amount of money in one week after I resolved some issues before settlement. I get job satisfaction from doing my job well and in this instance, saving my clients' money due to my level of expertise. 'Although generally self employed, conveyancers may also be employed by other conveyancers, banks, finance companies, solicitors, building societies and government departments. In Western Australia, conveyancers focus mainly on residential conveyancing, although they may also undertake business settlements where they are licensed to do so.

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Earning Potential

The starting salary is approximately $18,000 and this may go as high as $35,000 for someone with several years' experience. Those in management or who opt for self employment can earn between $50,000 and $60,000 per annum.

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Further Information

For further information about all TAFE SA Courses, phone 1800 882 661 or email tafeinfo@saugov.sa.gov.au

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This Career Profile information was last modified: 11/01/2010 1:22:39 PM
The information was accurate at the time of publication. TAFE SA and their agents reserve the right to make any changes necessary