About Karolidis_and_Co

I would suggest recommending they appoint a professional agent (we've had a few opposing sides appoint GlobalX lately as their agent as we assume they are not registered/well versed with PEXA yet). ... View more

Agree that the system should provide for this.   A work-around at present is to create an Additional Fee (one that let's you input the number manually as opposed to calculate based on dates). ... View more

Has there been any progress on this from PEXA - appears that some representatives are still suggesting purchaser's should load council rates, etc.    We still believe the better approach is for the vendor to load these payments as they come from the balance due at settlement to the vendor, can anyone else please confirm their view? ... View more

Agree - although it might be quicker if they just mobile optimise the browser.  An app might take a while to develop.     ... View more

From the FAQs - in a nutshell you either have to use your trust account or the PEXA Source Account.   Do I need a Trust Account to use PEXA?     No, you do not need to have a Trust Account to use PEXA. You have a number of options: If you do have a Trust Account that is integrated with PEXA then you must use this if you wish to contribute source funds to a Financial Settlement. If you do not have a Trust Account (or have one which is not currently integrated with PEXA) then you have the option to use the PEXA Source Account to provide source funding – read more on this  here You can participate in any PEXA Workspace without a Source Account linked to your Profile. Without a Source Account, you can lodge any document supported by PEXA as a standalone lodgement or participate in a transfer Workspace noting that you will not be able to contribute source funds on behalf of your client. Note: If you elect to join PEXA without using your Trust Account or registering for the PEXA Source Account, you can always add a source account at a later date. ... View more

I expect the answer to be no - I would suggest obtaining a new CA from the executor/s. ... View more

I believe so, add all titles to the matter - although note multiple title transfer fee will likely apply instead of the standard PEXA fee. ... View more

I believe once the transfer is successfully prepared the PEXA fee will populate automatically (you likely need to nominate the title to the workspace first). ... View more

I expect this is when they are having their Verification of ID undertaken at an Embassy/Consulate overseas. ... View more

I miss the days where support was a 5 min response time...I worry about how long it'll take post 1 Oct!!   ... View more

Appears to be an unfortunate circumstance that obviously has brand/reputation issues, prompting the recent "guarantee" from PEXA to ensure practitioners are comfortable and able to deal with backlash... personally I do not have an issue with how PEXA have dealt with the issue recently. ... View more

Hi Christine    My understanding is that if there is a self representing party not PEXA registered it is not a mandated PEXA settlement and can happen via paper. Happy to be corrected of course.  ... View more

Hi there   On the participants page click the action icon on the right and select Edit Party, on the next page you should be able to select "I represent this party".   Regards Nick ... View more

Looking forward to councils and water authorities being able to see the NOA via PEXA, more importantly though the SRO need to be able to receive payments via PEXA as opposed to receiving a manual cheque..... ... View more

All too common unfortunately, some workspaces have banks ready a couple of weeks ahead with funds loaded. Others a minute before or hours AFTER with limited or no correspondence on the workspace or by email... ... View more

I expect this is at the forefront of their mind. Out of curiosity, which lenders have you encountered that are not PEXA registered? We haven’t had any in the last 6 months (perhaps luckily?) ... View more

This sounds fun...   Agree with Ben however assuming you’re in a jurisdiction such as VIC, does t the transfer HAVE to take place via PEXA? Are they then required to appoint someone to complete?  ... View more

A conveyancer, lawyer or mortgagee is required to take  reasonable steps to verify the identity of a client  or mortgagor.  How that is done is up to them . ... View more