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Solving the PEXA mystery

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  • Solving the PEXA mystery

Solving the PEXA mystery

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chrisl99
chrisl99
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on ‎26-07-2019 06:47 PM

on ‎26-07-2019 06:47 PM

Solving the PEXA mystery

OK... so property purchaser who is using PEXA for the first time vs bank cheques.

 

I find very little information about this process on line from a consumer point of view - so i'm here for help.

 

My questions:

 

1. List of PEXA certified conveyancers - where can i find this ?

2. The PEXA process. My conveyancer is asking me to deposit money into his trust account. What is stopping him stealing it and leaving the country ? 

 

Thats it!

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DMc
DMc Community Superuser
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‎29-07-2019 02:31 PM - edited ‎29-07-2019 02:33 PM

‎29-07-2019 02:31 PM - edited ‎29-07-2019 02:33 PM

Re: Solving the PEXA mystery

Hi @chrisl99 

Only Electronic Lodgment Network Subscribers (AKA Practitioners & Lenders) can access PEXA workspaces directly so if you have a query about your Practitioner or Lender, it may be best to ask them directly.

 

Perhaps this may give you a PEXA summary from your consumer point of view... 

https://www.pexa.com.au/buyers-sellers

 

If you are after more generic info about Electronic Lodgment Network regulations and other queries perhaps the regulator (ARNECC) could assist you directly https://www.arnecc.gov.au/about_us/complaints_representations

 

You may also prefer to liaise directly with your local state Consumer Affairs and or, industry Australian Institute of Conveyancers (https://www.aicnsw.com.au/) to satisfy yourself about engaging a Conveyancer.

Make every day count, keep smiling! Smiley Very Happy
  • Tags:
  • AIC
  • consumer query
  • ELNO regulations
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