Residential conveyancers: ‘We’re working three years ahead of reforms’
Summary
The article says residential conveyancers are preparing well ahead of anticipated buying and selling reforms, with a phased rollout expected and sales packs likely to be mandated before early binding agreements. It highlights a strong industry consensus that consumer education and upfront information will be central to making the reforms work, with conveyancers, agents and technology providers already adapting processes voluntarily.
Why it matters
Residential property surveyors may be asked to support or interpret more upfront transaction information as the market shifts toward earlier disclosure and greater process standardisation. The reforms could affect how properties are marketed, what information is assembled at listing stage, and how surveyors coordinate with agents, conveyancers and lenders.
Key points
- Buying and selling reform is expected to be phased in, with sales packs likely introduced before early binding agreements.
- Industry figures broadly support the Government’s direction and want a coordinated public education campaign.
- Estate agents are seen by some as the first point of consumer contact, though others argue conveyancers should lead earlier in the process.
- Firms are already using voluntary initiatives such as seller readiness, legal packs and upfront information to prepare the market.
- The article suggests legislation alone will not change consumer behaviour without sustained industry messaging.
This is an RPSA summary of a publicly available article. The full content remains with the original publisher.
