The Hub roadshows: embracing technology in the property industry

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Date(s) - 17 Oct '17 - 03 Nov '17

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The conveyancing profession in South Africa is facing turbulent times, as in many industries there will always be constant change or challenges ahead. Those who are prepared for these changes and have adapted their way of thinking to embrace the ever-changing environment will possibly be able to thrive, rather than just survive, says Meyer de Waal, of MDW Inc. and one of the founding members of the Attorney Realtor Hub (“The Hub”).

An information roadshow on dealing with the industry disruptors, a collaboration between Gawie le Roux, director of the Centre for Conveyancing Practice, and Meyer de Waal, will be run in various venues across South Africa, from 17th October 2017 to 3rd November 2017.

The half day information sessions will include information on the five major disruptors:

  1. The state of transition of the legal profession in terms of its organisation, structure and control due to the impending coming into effect of the Legal Practice Act 28 of 2014 (expected in 2018).
  2. The state of transition of the entire deeds registration process, should the Electronic Deeds Registration Systems Bill (published for comment on 15 March 2017) be enacted.
  3. The demarcation of the areas of jurisdiction of the deeds registries of Pretoria and Johannesburg and the opening of new deeds registries in each of the northern provinces.
  4. The pending court case of Proxi Smart Services v The Law Society of South Africa and Others (set down for trial for 6–8 February 2018) in which a declaratory order is sought that certain work performed by conveyancers be declared “unreserved work” which can be performed by estate agents. “The application will, if successful, signal the death knell for the conveyancing profession” (paragraph 6.3 of the first respondent’s answering affidavit).
  5. New technology and digital innovations, which are impacting business in a big way, the attorneys’ profession being no exception. The latter is a world-wide trend and is not only applicable to the profession in South Africa.

The last of the five, technology and digital innovation, will transform the real estate industry quickly.  These will make it possible for attorneys to transact on their client’s behalf, right from the introduction of the parties to one another, assisting with the conclusion of the agreement of sale, and finalising the transaction by registering the deed of transfer and mortgage bond in the deeds registry, using tools such as those provided by the Attorney Realtor Hub.

“The Hub” will enable participating law firms to offer an easy-to-use and financially beneficial solution to property sellers and buyers alike. Property lawyers have always been able to network and collaborate with each other for the benefit of their clients and their practices. With the marketing and selling of the properties of their clients, attorneys are taking their service to clients to another level, says Chris Fick, a Cape Town attorney and a founding member of The Hub.

This is an event not to be missed, he says.

The cost per half-day session is R1 190 or R890 for early registration.

Bookings can be made at http://aktepraktyk.co.za/register_conveyancers_facing.html.

(Please note the closing dates for early registration discounts.)

For further information on joining The Hub contact Chris Fick on 021 424 3937 or email chris@chrisfick.co.za.