What is the difference between a lawyer and a conveyancer?
If you’ve ever bought or sold a house, you’ve probably heard the terms “property lawyer” and “conveyancer.” Even though they appear to perform the same function, they have distinct areas of expertise. They also have varying qualifications and charge varying fees. When purchasing a home, you will require the legal services of a professional who can assist you with the property transfer.
Similarly, there are times when hiring one over the other is unquestionably preferable. A lawyer, for example, would be the best option if you are unsure about the terms of the contract for sale.
Lawyers and conveyancers are both qualified for the job because they will assist in the preparation of the necessary documentation for property settlement. However, both terms are frequently used interchangeably. It’s not always easy to tell the difference between the services they provide, so we’ve put together a list of the differences for you.
Conveyancers are property law specialists who specialize in conveyancing. Conveyancing is a transactional process with strong legal components. Non-lawyers were authorized to perform legal work in property transactions under legislation passed in 1992.
Conveyancing is the legal work that is performed whenever ownership of a property is transferred. Conveyancing work is transactional, but it also necessitates accuracy and efficiency.
Conveyancers complete a one-year diploma program followed by another year of supervised training. Conveyancers may work on property transactions as long as they adhere to the guidelines outlined in the Conveyancers Act 1919 (NSW). Other states have similar legislation outlining the role and regulations that apply to conveyancers. A conveyancing lawyer is permitted to carry out all property transaction-related activities as long as they do not violate any of the provisions of the Conveyancers Act 2006.
They typically perform the following duties:
- Completion of documentation and its lodgement.
- Inquiring about the title and zoning.
- Paperwork preparation for a settlement.
If you decide to use a Conveyancer, the general rule is that they must be fully licensed, or they cannot practice conveyancing at all!
As a result, it is always a good idea to request that a conveyancer demonstrate that they are fully licensed, so you can be confident that the person representing you is legally permitted to do so.
A lawyer is someone who has earned a Bachelor of Laws degree and has been admitted to the legal profession. Many lawyers specialize in certain areas, and conveyancing lawyers are the most effective when it comes to obtaining representation for a property transaction.
Lawyers have an unlimited scope of work when it comes to conveyancing. They can counsel clients on the broader implications of their sales and purchases within the applicable jurisdiction.
A Bachelor of Laws or a Juris Doctor degree is required to become a lawyer. Following completion, they will be required to pursue a Graduate Diploma in Practical Legal Training (PLT). Students must complete practical legal work and submit assignments as part of this course. Following that, an aspiring lawyer must apply to their state’s admissions board and be accepted into the profession.
Lawyers will then choose a specialty based on their education, employment, and vocational interests. Although a lawyer can specialize in many areas, he or she cannot claim or act as an expert in a field of law with which they are unfamiliar.
Conveyancer Vs. Lawyer
It is important to remember that non-lawyer conveyancers are limited in the range of conveyancing services they can offer you. This is because certain services can only be performed by a lawyer. For example, if you have a Contract of Sale and a Vendor’s Statement that require a review of the acceptable and unacceptable terms or risks associated with purchasing the property, only a lawyer can provide this service, which is followed by written advice. If you are selling, a lawyer must draught the Contract of Sale and the Vendor’s Statement. A conveyancer who is not a lawyer is not legally permitted to perform these services and must therefore seek the assistance of a lawyer. As a result, you could be charged an additional fee.
Since laws are constantly altering, you may find it more helpful to hire a lawyer who has up-to-date knowledge and a better understanding of property laws.
Another risk of using a conveyancer who is not a lawyer is that they may operate outside of lawyer territory. If they work outside of their limited scope, their insurance is deemed null and void and there is no way for a layperson to tell when this occurs. Even so, it may be too late. Lawyers, on the other hand, have an unlimited scope of conveyancing work and will provide you with full coverage under their professional indemnity insurance in the event of a setback in the settlement process. You can be confident that you are being represented by a legal professional with specialized knowledge and experience in property law.
The majority of lawyers and conveyancers charge a flat conveyancing fee. Conveyancers typically charge a lower conveyancing fee but are only able to provide conveyancing services. They are unable to provide legal advice in complex cases.
When it comes to completing a property transaction, everyone’s needs are different. To determine which one is best for your needs, consider your budget, the complexity and size of the transaction, and whether you may require additional representation. A conveyancer will be appropriate if your matter is solely concerned with the exchange of documents and the purchase or sale of a property. However, if there are any issues in your contract that you are unsure about, you should seek professional legal advice.
Keep your budget in mind when deciding between a lawyer and a conveyancer for a real estate transaction. Furthermore, the size and complexity of the transaction, as well as the need for additional representation, all play a role.
It is critical to understand that law firms have higher ethical standards than conveyancing firms and face harsher penalties for violations.
In terms of time requirements, fees, regulations, forms, local laws, jargon, and government departments, the conveyancing process varies from state to state. Every state takes similar steps, but the specifics vary. Every conveyancing and law firm, on the other hand, is required to meet the minimum professional standards and regulations of local legal entities.