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Conveyancers do arguably the most work and carry the most risk but get paid the least – even less than property stylists who get a multiple of what the conveyancer earns. Conveyancers in NSW need to be properly remunerated for the vital role they play in property negotiations, says industry leader Chris Tyler.
New government legislation and extra work has had a significant impact on real estate lawyers in Queensland over several years. And the rollout of more compliance obligations is expected to continue.
Of the $1.1 billion of criminals’ assets seized by AFP between July 2019 and June 2024, more than $720 million involved real estate. Now federal authorities are working to close the gap and pushing lawyers and conveyancers to fall in line.
Lawyers and property professionals say they welcome moves to curb tainted cash flowing into real estate, but worry about the industry impact amid a lack of detail on the proposed reforms. Real Estate Institute of NSW chief executive Tim McKibbin said the potential negative effect of the reforms was a concern, but it wa
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