How to become a Conveyancer
A conveyancer plays a critical role in any property transaction as they help formalise the transfer of property ownership from one person to another. If you’ve wondered what's required to become a conveyancer, then this is the blog for you. While it is not an easy process, if you love the property market and dealing with clients, it could be a great business for you. In this post, we’ll break down what’s involved so that you can make an informed decision on whether this career path is right for you.
Step 1: Get you conveyancing licence
To become a licenced conveyancer in Australia, you must first complete an accredited course in conveyancing. Once you have completed the course, you will need to apply for a licence from the relevant state or territory authority. RMIT offers an Advanced Diploma of Conveyancing, which is highly regarded, or there are other online courses you can take up depending on your budget and requirements. The length of time it takes to become a licenced conveyancer in Australia depends on the state or territory in which you are applying for your licence. In some states, such as Victoria, the process can take up to six months.
Step 2: Set up your business
Licenced conveyancers can work independently, which can provide greater flexibility and autonomy than working for an employer. Additionally, licenced freelance conveyancers typically earn higher salaries than unlicenced professionals. Once you have got your licence, then you should register for ABN and get your business name registered and bank accounts set up. Thriday is a great solution for conveyancers as you can open business transaction accounts, debit cards, invoice and take care of all your bookkeeping, accounting and tax in one place. To see how much time you could save on financial admin, try the Thriday tax quiz.
Step 3: Find clients and properties
Once your business is registered, you can start pitching for work with clients. Many clients will require several years of experience before they consider hiring you but if you are starting out, smaller property transactions, or deals involving family and friends is a good place to pick up your first jobs. Networking events are also a great way to meet potential client who may be looking for experienced professionals and could potentially offer full-time employment opportunities after gaining some experience working part-time or casual hours first.
Becoming a qualified conveyancer is an attractive business opportunity for those with a penchant for property and law. If this sounds like something that interests you, then take the time to research each step carefully before committing yourself fully; starting with completing your formal training and licensing. After achieving those milestones, registering with an approved regulatory body is essential before looking for job opportunities within the field.