Conveyancing Cert. Test (2024) – With Questions & Complete Solutions (Rated A+)
6 views 0 purchase
Course
Conveyancing
Institution
Conveyancing
Conveyancing Cert. Test (2024) – With Questions & Complete Solutions (Rated A+)
Conveyancing Cert. Test (2024) – With Questions & Complete Solutions (Rated A+)
What is conveyancing? - ANSWER - The process by which a land or interest therein, vested in a person or group of persons is transfe...
, Conveyancing Cert. Test (2024) – With
Questions & Complete Solutions
(Rated A+)
What is conveyancing? - ANSWER - The process by which a land or interest therein,
vested in a person or group of persons is transferred to another person or group of
persons so that that land or interest is now vested in that other person or group of
persons.
- ANSWER 2 - The area of law concerned with the preparation of documents for the
transfer of property.
What are the six key documents when handling a conveyancing matter? - ANSWER
- Property Information Form - TA6
Fitting and Contents Form - TA10
Contract incorporating the standard conditions of sale
Completion Information and Undertakings
TR1
AP1
What are the two key pivotal points in a conveyancing transaction? - ANSWER -
Exchange of contracts
Completion
What are the five stages of a conveyancing transaction? - ANSWER - Pre contract
Exchange
Pre completion
Completion
Post completion
What occurs in the pre-contract stage? - ANSWER - File opened, anti money
laundering checks and due diligence, client identification, seller's conveyancer will
send the contract package to the buyers conveyancer who will submit searches,
check the title, raise enquiries and resolve client financing.
What occurs during exchange of contracts? - ANSWER - The point where the
contract becomes legally binding. Usually done over the phone following procedure.
A deposit is usually paid on exchange.
What occurs during the post exchange, pre completion stage? - ANSWER - The
sellers conveyancer will arrange for the seller to sign the transfer document and
obtain up to date redemption figures on any mortgages. Pre completion searches will
be conducted by the buyers conveyancer and obtain their funding.
What occurs during completion? - ANSWER - The buyers conveyancer will release
the completion money to the sellers conveyancer. Upon receipt of these funds, the
sellers conveyancer will contact the estate agents to confirm the keys can be
released.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller conceptialresearchers. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $10.99. You're not tied to anything after your purchase.
