Taylor Law & Conveyancing are leaders in the field of “electronic conveyancing” which utilises cutting-edge technology to facilitate an electronic settlement. Electronic conveyancing offers enormous benefits to both buyer and vendor alike as it virtually eradicates human error. The platform for electronic settlements is Pexa, and it is very pleasing to share with you the news that Pexa now offers even greater protection for clients, with the announcement of the Pexa Residential Seller Guarantee. The Guarantee provides protection to sellers in the event of certain kinds of fraud. Where the PRSG applies, the seller has the option to make a claim under the Guarantee, rather than seeking to recover the loss by an alternative means.
The PRSG applies to settlements of residential property on or after 29 June 2018 and has been implemented to provide greater safeguards for your electronic settlements. for more information, check out the link here Pexa Announcement