The Law Society Conveyancing Protocol Flashcards
(8 cards)
What is the use of the Law Society Conveyancing Protocol?
To ensure all clients treated fairly and protected
What is the Law Society Conveyancing Protocol?
Sets out steps when acting in sale or purchase of home
Which transactions does the Law Society Conveyancing Protocol apply to?
Residential homes, other than new build homes
Is the Protocol voluntary?
Yes, although Solicitors who are members of the Law Society’s Conveyancing Quality Scheme, have to adopt the Protocol
When could a Solicitor breach the Protocol?
- Use non-Protocol standard enquiries indiscriminately
- Raise enquiries that seek seller’s opinion rather than fact
Can seller solicitor deal with enquiries that do not comply with Protocol?
They do not have to
What are the consequences of breaching the Protocol?
Can be removed from membership of Conveyancing Quality Scheme
Which list of conveyancing items do Solicitor’s agree to adopt through Protocol?
- Standard conditions of sale (incorporated into contract)
- Property forms
- Formulae for exchange
- Code for completion by post