Congraluations Svetlana, thanks or sharing your PEXA milestone! We love seeing our PEXA members celebrating their success. Look forward to seeing future achievements from you and Thorpe Conveyancing.
PEXA, Chief Customer Officer
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Hi Tanya, In a workspace that includes Financial Settlement, PEXA will automatically create a Disbursement line item for disbursement of PEXA Fees. Only for stand-alone transactions that do not include Financial Settlement does PEXA recover PEXA and Lodgement Fees via Direct Debit. When acting for a Purchaser, Source funds for payment of PEXA fees via the Financial Settlement Schedule may come only from one of two places. Your Trust Account - you can set a Category value of 'Funds for PEXA Fees' to separate PEXA Fee funds from Purchasers Equity. The line item Categories will be reflected in the Settlement Statement. Any Purchasers Equity of even Loan Proceeds from your clients Financial Institution. When acting for a Vendor, Source funds for payment of PEXA fees via the Financial Settlement Schedule may only come from one of two places. Your trust Account An adjustment out of any Vendor Surplus. Note: The same reasoning as outlined above may be applied to recovery of your firms Professional Fees. PEXA allows entry of a Category of Professional Fees. Please let me know if you need additional information or have any other questions.
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