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Property conveyancing by law, must be done by a property solicitor or licensed conveyancer. One lawyer cannot act for both parties, as this would cause a conflict of interest so therefore both the buyer and seller will have their own representation.
What is the difference between a Licensed Conveyancer and a Solicitor?
Solicitors are regulated by the Law Society and normally practice all areas of law, including conveyancing.
Licensed Conveyancers are regulated by the Council for Licensed Conveyancers and specialise only in conveyancing. Most Licensed Conveyancers are Solicitors who have converted to Licensed Conveyancer status.
The processes and consumer protection standards are the same for either type of firm.
What do they actually do?
Essentially the conveyancer is acting on behalf of either the buyer or seller and representing their interests in the property purchase or sale. Their job is to ensure that the terms and conditions of the contract for sale are fair and reasonable and that all of the financial information is correct. The process for what they actually do differs as to whether they are acting for the buyer or the seller.