How do conveyancers earn additional income from property transactions?

Reviewed by: Nicholas El-Khoury

How do conveyancers earn additional income from property transactions?

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Conveyancers and settlement agents manage the legal transfer of property ownership and are one of the most consistently positioned professionals for additional income from referrals — they are involved in every property purchase and sale transaction their clients undertake.

Mortgage referral fees. When a buyer needs finance (which is the case in the majority of property transactions), a conveyancer who has a referral arrangement with a licensed mortgage broker can introduce that client and earn a referral fee when the loan settles. The conveyancer does not provide any lending advice — they make the introduction, and the broker handles all credit work.

Property advisory referrals. For investor clients, conveyancers can refer to buyer’s agents and investment advisory services. A referral fee is typically paid per settled property acquisition.

Landlord insurance and building inspections. Conveyancers often develop referral relationships with insurance brokers and building inspection firms, creating a network of trusted service providers and associated referral arrangements.

Buyer’s conveyancing volume. Conveyancers who are active referral partners in investment property networks tend to attract higher volumes of investor conveyancing — investors who purchase multiple properties generate repeat business.

For most conveyancers, referral income is supplementary to their core conveyancing revenue. The minimal time cost of making a referral — typically a two-minute process via an online portal — makes these arrangements highly efficient additional income streams.

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