The mission

To create an industry standard in digital conveyancing

A uniform standard and common approach. The aim is to create a system which is easy to use for everyone involved. Every user has their own unique perspective. The Vendor. The Prospective Buyer. The Purchaser. The Estate Agent. The Law Firm. The Conveyancing Clerk. Valuers. Lenders. Government.

Standardisation is something the industry is a little bit short of by a long mile.

The concept of digital conveyancing is new. I believe the future lies herein. Therein we can sow the seed of its success through establishing standards that will benefit everyone.

I have spoken already about Vendor Disclosure. The majority of Australian States & Territories have vendor disclosure. An online methodology of publishing vendor sales documentation is the obvious or almost perfect approach to the creation and distribution of contracts & vendor statements, title documents & property certificates. An industry website for lawyers and estate agents can set the standards for digital conveyancing to achieve the above.

There are two strands to a set of standards.

• systems. 247legal is creating the framework for the requisite systems of a digital conveyancing network. Over time the system can be fine tuned by user feedback.
  
• standard contracts and vendor statements. Here is where we need peer input into creating standard form contracts and vendor statements. Somehow every lawyer and conveyancer has their own standard template. Outside and within the legal profession there is a clarion call to adopt an industry template. At least for the common residential sale which make up 90%+ of all sales.
  

I have placed a link to my standard contract and vendor statement. Download them, measure them against you own in-house version, and criticise the bejesus out of them. Cut, delete, add and modify. Email me your suggestions and changes. For example, should we include a standard "subject to building inspection" clause which the agent can tick if applicable. Do we include the statutory conditions that the ACT contract must now include? In the end the industry will be the greatest beneficiary.

1. Contract
   
2. Vendors Statement
   

Digital conveyancing standards, I envisage, will be created through technical debate by members on the mailing list (the Interest Group). Any issues can be resolved by consensus of a smaller Working Group which is supported by the Interest Group. Most of the design can be accomplished using a combination of email, teleconferences and the occasional face-to-face meeting