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AIC Policies
The Institute has developed policies in relation to several areas that reflect the objects of the Institute and the development of a national profession of Conveyancing with high standards of Conveyancing practice and ethics.
Preferred AIC policy positions include –
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Encourage compulsory Vendor Disclosure and cooling off rights for buyers in every state;
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discourage dual licensing or registration as conveyancers and real estate agents;
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fees should not be paid for referrals that lead to a property transaction eg mortgage brokers, banks, real estate agents, etc;
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a conveyancer should not act for two parties to a transaction except in exceptional circumstances, and the conveyancer should withdraw if there is a potential conflict of interest;
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conveyancing practices should not be owned by solicitors, real estate agents, accountants, financial institutions and mortgage originators because of the potential for conflict of interest.
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