Elements and Performance Criteria
- Identify information needs
- Identify sources of information relevant to the transaction
- Examine documentation and titles to confirm facts relating to transactions
- Define and confirm with client, searches to be performed prior to commencement
- Identify and arrange required reports with the appropriate bodies to meet agreed timelines
- Identify applicable fees, taxes, other expenses and rebates, and promptly and accurately advise client
- Perform relevant document searches and investigations
- Evaluate issues arising with transaction
- Identify, summarise and communicate legal issues and risks to client clearly and promptly and in accordance with relevant legislation, regulations and the practice’s policy and procedures
- Define and clarify client’s rights within the transaction for the client
- Establish desired outcomes and devise strategies to achieve them in consultation with client
- Thoroughly assess implications for professional indemnity insurance and take appropriate action
- Deal with third parties and other professionals
- Present information relevant to transaction to client
- Present documentation clearly and promptly and in accordance with relevant legislation and regulations and the practice’s policy and procedures
- Record and document information necessary for the transaction to proceed in a legally binding manner in client files
- Advise client of the implications of all information received from or forwarded to relevant parties