Conveyancing professionals mitigate risk at the due diligence stage

July 14, 2017

When ordering property certificates, whether for a client buying or selling or any other purpose, it is often hard to work out which ones will add value to your customer and manage their cost concerns at the same time. 
 
During SAI Globals due diligence phase of developing the Property Enquiry Report, we included feedback from many stakeholders but most particularly the Australian Institute of Conveyancers (AIC) - at a national and state level. 
 
Why? Well understanding the insurance requirements and risk management practices and issues raised by consumers with the licencing body, was an important piece to consider in solving this business problem for the conveyancing community. 
 
The AIC - who supports its members with regards to insurance information, provides risk management training and works closely with the licencing authorities was the obvious choice for this input. 
 
The AIC have agreed that a minimum level of due diligence should be done on both a sale and purchase for all clients.  
 
They also agree that a minimum level of expectation of this due diligence should be promoted to consumers to ensure the brand of being a conveyancer is protected and adds value to everyone's business.
 
The AIC also agree that by adhering to this minimum level of certificates in a due diligence will go a long way to ensuring you manage the risk in your business for insurance purposes and licencing purposes. 
 
With that in mind, we would like to extend our thanks to the AIC's for their input and their assistance in determining the minimum number of certificates included in the base Property Enquiry Report product.  If you feel that you want to do more searches in your due diligence process for a particular customer you have the option to add other certificates to your Property Enquiry Report, so don't hold back. 
 
Due to this close partnership with the AIC, SAI Global has developed additional benefits for AIC members. To find out more contact our account managers on at salesenquires@saiglobal.com or call 1300 730 000.