I am just completing a Standalone Transfer on PEXA and am frustrated by the fees. The situation is a transfer by an executor of the estate to herself as beneficiary, where the title currently shows: The executor as to 4/5th share in her capacity as executor; and The executor as to 1/5th share in her capacity as beneficiary. Effectively, the client inherited 1/5th of the property as beneficiary and then bought the other 4/5th from the estate. The payments have already been made outside PEXA. Because the client is both incoming and outgoing proprietor, we are being charged: PEXA fee as outgoing proprietor of $112.64; PEXA fee as incoming proprietor of $112.64; and Registration fee of $141.60. So instead of sending the standalone transfer to LPI and being charged about $175 including agency fees, my client is now up for a total of $366.88. Frankly, I love the PEXA platform for convenience and do believe it is the future BUT I am particularly annoyed at this charge. If it is a glitch in the system, PEXA please fix it to be more reasonable (like lodgements on Transmission Applications). If it is deliberate, then that is ridiculous and not acceptable!
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