You may have heard of the term electronic conveyancing or e-conveyancing before but perhaps don’t really understand how it affects you. In this article, we’ll explain what PEXA, e-conveyancing and electronic settlements are and how they work in Victoria. So, what is e-conveyancing? E-conveyancing means that you can sell or buy a property completely online. In the past, a lot of paper documents needed to be signed and transferred between law firms, banks, the State Revenue Office (SRO) and the […]
It is 2018 and believe it or not, there is still confusion about whether or not contracts and agreements can be signed electronically (and rightfully so). There are a number of Acts and legislation which govern this area (the most noteable being the Electronic Transactions (Victoria) Act 2000) but despite this, not all stakeholders in real estate transactions recognise the use of electronic signatures due to uncertainty. The law recognises the enforcaebility of contracts entered into using electronic signatures instead […]
Watch This Space – Online Conveyancing We are very excited to announce the forthcoming launch of our Online Conveyancing Portal. We are investing heavily in increasing efficiency and convenience for everyone involved, real estate agents, clients, bankers, etc. Update: The National e-Conveyancing network is fast becoming reality.