Conveyancing is a legal contract developed between two parties in real estate property businesses, to transfer ownership of property from one party to another. The contract legally binds both the seller and the buyer to perform their duties/obligations. Like leasing business, Conveyancers must have to devise essential documents like purchase price agreement form, actual transfer date, and terms and conditions to sign a contract.
Developed countries like United States, United Kingdom, New Zealand and Australia, force their conveyancers to follow some rules and regulations. It is now essential for conveyancers to become licensed. They need to take admission in a well recognized and certified college for almost three years program. Students must complete two years internship and pass national exam so as to become licensed.
In year 2011-12, Conveyancing Scheme was legitimately recognized by the official bar master, Council of Mortgage Lenders (CML), Association of British Insurers (ABI), and by the Building Societies Association (BSA).
How to Apply
Students should apply to well recognized institutions that aim to enrich students with both theoretical and practical knowledge. Law colleges are considered more applicable as they equip students with contract land law, introduction to legal terms, business law and fundamentals sections of buying and selling.
Get Practical Exposure
After successful ending of theory, students need to work for 2 years under the supervision of competent professionals in this field to complete degree. They’ll either get part time or full time opportunity to complete training. Qualified employers are licensed solicitors or Conveyancers. Some of the institutions exempt practical training.
Submit a Certificate of Practical Training
Once twelve month training is completed, get training certificate which is a proof that you’re getting training from well qualified and experienced professional. You must mention your job descriptions, achievements and get signature from your supervisor. After the completion of both coursework and internship, you’ll be able to take licensing examination.
Registration for the Conveyancing Examination
Conveyancing exam is very complex and challengeable; so it requires a lot of study. Always prepare yourself to learn as much as you can to successfully pass the examination. The exam encompasses both topics which have been learned during coursework and practical training.
Apply for an Employed Licensed Conveyancer
After successful completion of examination with excellent score, go ahead for Employed Licensed Conveyancer. Suppose you’ve been awarded a license, you will be authorized to carry out conveyancing services, oath commissions for offering of services as well. The application can only be rejected if any of the pre-requisitions i.e. coursework, conveyance training, internship, or the final examination have not been successfully accomplished. In such case, you should apply after every twelve months. Normally, licensed Conveyancers are employed by financial intermediaries, banks, building societies or local authorities.