Give your buyers and sellers the best conveyancing experience and be rewarded for it
Real estate agents can receive a referral fee from lawlab for successful referrals. That could be as much as $300 per transaction (and up to $400 per transaction until 30 June 2020).
Disclosure of referral fees
The safest way to comply with laws on referral fees is to disclose to buyers and sellers that you will receive a referral fee from lawlab as you are a member of our partner program that ensures that buyers and sellers are referred to lawlab in a consistent and secure way. If you disclose it then you have nothing to worry about.
This disclosure could be included in your standard agency agreement terms and conditions and refer to the usual referral fees you will receive. We can provide some example wording for you. We also provide a real estate compliance legal advice service.
Our referral fee policy
Our policy is to use our marketing budget on paying referral fees rather than on traditional marketing costs. We like to reward agents that refer buyers and sellers in a way that makes administration of client transactions easier thereby saving clients legal costs. That means our conveyancing fees remain very competitive for the high standard of legal service that clients receive. Lawlab makes it very clear to referral partners that we owe our obligations and duties to our customers and we do not act on referrals where a conflict of interest exists.
Lawlab’s partner program is national
We provide legal services to clients in all states and territories in Australia and as we can deliver our service digitally, we are not restricted from paying referral fees in South Australia and Western Australia unlike lawyers and conveyancers with physical offices there. Agents in South Australia are not restricted from receiving referral fees for legal services such as the preparation of contracts (which are not conveyancing instruments that the South Australian laws would otherwise prohibit).
In some states, real estate agents may also be required to provide the prescribed disclosure forms and we have summarised these in the table below.
|State||Prescribed disclosure form|
|New South Wales||Section 47 Disclosure Form (Property Stock and Agents Act 2002, s 47)|
|Queensland||POA Form 8 (Given to buyers only) (Property Occupations Act 2014, s157)|
|Western Australia||Form 819 (Real Estate and Business Agents and Sales Representatives Code of Conduct 2016, s16)|
|South Australia||Form R2 (Land & Business (Sale & Conveyancing Act) 1994, s24C)|
|Australian Capital Territory||Form 1 (AF2003-28) (Agents Act 2003, s177)|
|Northern Territory||Not applicable|
You may be able to incorporate these into your agency agreements, please contact us for further information.
How do you receive the referral fee?
- If you haven’t done so already, sign up to our partner program here: https://www.lawlab.com.au/partners
- You’ll then receive a unique link to our online instant quote tool that you can provide to your buyers and sellers. If they order a service with us after following that link then we’ll know you’ve referred them.
- If you know they need conveyancing right now, you can refer them to us using these links:
Purchase conveyance: https://go.rundl.com/services/7115372/order?sender_role=1739307&participant_roles=1738779
Sale conveyance: https://go.rundl.com/services/7115361/order?sender_role=7443522&participant_roles=7443521
- You’ll be kept up to date as a participant in the conveyancing rundl for each transaction. You can upload your invoice for the referral fees to lawlab in that rundl 5 days before settlement.
- We’ll pay you the referral fee at settlement for electronic settlements and at the end of the month for paper settlements.
- For full terms please visit https://www.lawlab.com.au/partners/terms