1. Which one of the following statements is CORRECT?
1) A South African attorney (not practising in former Transkei) may validly sign the preparation
certificate of a deed of transfer.
2) A South African attorney (not practising in former Transkei) may validly sign the preparation
certificate of a mortgage bond.
3) A South African attorney (not practising in former Transkei) may validly sign the preparation
certificate of a certificate of registered title.
4) A South African attorney (not practising in former Transkei) may validly sign the preparation
certificate of a consent to cancellation of a mortgage bond.
2. Indicate the INCORRECT option on the online mark-reading sheet.
Conveyancer X is attending to the transfer of an immovable property sold for R1m. The
purchase price has been secured by bank guarantees, but conveyancer X’s financial
responsibilities require that he or she must also collect money for –
1) transfer duty
2) municipal rates clearance certificate
3) deeds office levies (fees)
4) electrical wiring repairs to the property
3. The process that lodged deeds follow through the deeds registry is as follows:
[1] lodgement counter, data printouts, sorters, 1st level examiner, sorter, chief examiner, prep
room, final interdict check, executions, numbering and sealing, noting all transfers in current
registers, updating computer records, final checking and cleaning of deeds, microfilm/scanning
the deeds and documents, delivery of registered deeds and documents to lodging conveyancers.
[2] lodgement counter, data printouts, sorters, 1st level examiner, sorter, chief examiner, return of
deeds and documents to lodging conveyancer for correction and re-lodgement within 3 days,
prep room, final interdict check, executions, numbering and sealing, noting all transfers in
current registers, updating computer records, final checking and cleaning of deeds,
microfilm/scanning the deeds and documents, delivery of registered deeds and documents to
lodging conveyancers.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller unisalawgraduate. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $7.41. You're not tied to anything after your purchase.
